Nine offers received for Managed Service Provider, Project Itchen
- Admin
- Dec 31, 2021
- 1 min read
Following a successful and highly competitive process run by Leyland Capital, nine indicative offers and proposals were received from MSP's, IT Consolidators and Communication businesses, for Project Itchen. This included a number of interested parties backed by Private Equity or external investment, to help them with their current buy and build integration strategies.
We were delighted with the level of interest achieved, and it is a reflection of the current M&A activity within the MSP market.
Project Itchen was a leading regional Managed Service Provider of IT, Telecoms and Cyber Security.
With only one interested party able to complete this transaction, there are at least 8 other acquisitive entities we are in direct contact with, who would look to acquire a similar business. We are also in discussions with a number of other potential acquirers in the sector, as we continue our mapping exercise of the industry.
Christian Hitchen, Managing Director of North-West based Leyland Capital, advised on Project Itchen. For more information, please contact:
Christian Hitchen