IT Support Desk Limited: Partnership with Planet IT.
Deal News | Nov 11, 2024 | Freeths LLP
Freeths LLP, a renowned national law firm, has successfully facilitated the sale of IT Support Desk Limited (ITSD) to Planet Intelligent Technology Group Limited (Planet IT). ITSD, headquartered in Surrey, specializes in providing tailored remote and on-site IT support and installation services, with an emphasis on delivering a 24/7 helpdesk service. The purchaser, Planet IT, is recognized for offering outsourced IT solutions and boasting a robust customer base that includes prestigious blue-chip companies. The acquisition is positioned as a strategic integration of resources that aims to strengthen service offerings to customers across the UK and Europe. With Freeths' guidance, ITSD's founder Neil McCracken secured a successful exit plan. The transaction was overseen by Freeths’ Corporate Partner, Francis Dalton, with assistance from Associate Shivani Fakey and Trainee Isabella Coolican. This deal marks a significant milestone for both ITSD and Planet IT, providing enhanced opportunities for their collective customers and teams.
Sectors
- Information Technology and Services
- Legal Services
Geography
- United Kingdom – Both IT Support Desk Limited and Planet IT have customer bases within the UK, where they provide IT support and services.
- Europe – The article mentions that both companies also serve clients in Europe, expanding the geographical impact of the acquisition.
Industry
- Information Technology and Services – Both IT Support Desk Limited and Planet IT operate in the IT services industry, providing outsourced IT support and solutions.
- Legal Services – Freeths LLP is a legal advisory firm that facilitated the sale, representing the legal services industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| IT Support Desk Limited | Target company | Company | A UK-based company providing IT support and installation services. |
| Planet Intelligent Technology Group Limited | Bidding Company | Company | A leading IT company offering outsourced services, acquiring IT Support Desk Limited. |
| Freeths LLP | Legal advisor | Company | A national law firm advising on the sale of IT Support Desk Limited. |
| Neil McCracken | Vendor | Person | The individual selling IT Support Desk Limited. |
| Francis Dalton | Corporate Partner | Person | Corporate Partner at Freeths LLP leading the advisory team for the transaction. |
| Shivani Fakey | Associate | Person | Associate at Freeths LLP, supporting the transaction advisory. |
| Isabella Coolican | Trainee | Person | Trainee at Freeths LLP, assisting in the transaction. |