Posted on Tuesday October 1, 2019
International law firm Mackrell Turner Garrett has acted for the shareholders of Impact Data Solutions Limited and its affiliate, Vulcan Data Centre Solutions Limited (IDS Group) in the sale of the IDS Group to Sterlite Technologies Limited (STL), a global data network solutions company.
Maung Aye, corporate partner at the London firm led the acquisition and was assisted by a team that included corporate solicitor Robert Watson and employment partner Donna Martin.
Under the terms of the transaction, STL will acquire a 100% per cent stake in the IDS Group, a niche provider of design and deployment solutions for hyper-scale data centres.
The IDS Group is a key partner to two of the top four global cloud companies for their data connectivity requirements. STL’s acquisition solidifies its position in the cloud and data centre market and brings it one step closer towards its journey of expanding its market to more than $75 billion by 2023.
Reflecting on the transaction, Maung said: “I am very happy for Robbie, Tracy, Ben and the team at IDS. The IDS and STL growth strategies are very much aligned, and IDS will now have the opportunity to fast-track its expansion plans to continue to meet its customers’ design and deployment requirements. I wish them all the best for the future”.
Ben Parker, IDS CEO said: “We are incredibly excited at the prospect of working together with STL to scale our already highly successful business operations and services to support our growing customer base.”
Robbie Williams, one of the founders of the IDS Group said: “Having been recommended and introduced by Evolution CBS, we quickly realised that we had made the right choice in Maung and Mackrell Turner Garrett. The sale of our two companies was complex, coupled with an overseas buyer and some distinct differences between the buyer’s legal system in India and also cultural idiosyncrasies. Maung and Robert went the extra mile, worked through weekends and evenings to ensure the deal went through. Even on the last day, they stayed calm and collected and knew exactly what to do, when deal fatigue had really kicked in!”
“I am so pleased we instructed Maung at Mackrell Turner Garrett and would not hesitate to recommend them. I would not use anyone else should I need similar services in the future!”