Dorset commercial solicitors Steele Raymond LLP has advised Arden Communications Group on its multi-million pound acquisition of a Midlands-based IT and communications firm. Arden completed the seven-figure acquisition of Birmingham-based communications firm Computerworld Business Solutions (CBS).
The transaction becomes the fourth acquisition by Arden in the past three years and continues its significant growth having previously acquired two other IT and telecommunications businesses, Unitycomm and Page IT Solutions, in 2015.
CBS, established in 1982 in Birmingham, specialises in highly technical IT services, infrastructures, communications, virtualisation and security.
The integration of CBS significantly strengthens Arden Group’s ability to deliver cutting-edge IT and telecom solutions to all sizes and sectors of businesses across the UK and globally.
A legal team from leading Bournemouth commercial solicitors Steele Raymond advised Arden, a longstanding client of the firm, on the acquisition of both businesses including corporate, banking and finance and commercial property matters.
The transactions were led by partner and company and commercial solicitor Nick Davies, who has extensive experience in acting for IT and technology clients, as well as across a wide range of other sectors.
Davies said: “We are delighted to have supported Arden Communications Group through a number of significant acquisitions over the last few years as part of some exciting growth plans. Having worked with the Arden Communications Group team for a number of years, we were well placed to ensure a seamless and co-ordinated approach to these complex acquisitions. It also allows us to work closely with other external advisers and ensure that the process completes as smoothly as possible.”
Matt Cusack, finance director at Arden Communications Group, added: “Having worked with Nick and the Steele Raymond team on a number of acquisitions we now have a relationship that allows us to focus on moving forward with transactions quickly and efficiently. We are delighted to have brought another significant business into the Arden Communications Group’s portfolio of companies and add to our next phase of growth. Steele Raymond’s advice and assistance was as invaluable as ever in completing these acquisitions. Steele Raymond always provide outstanding service levels which is unmatched in my experience.”