The client
The company, which has offices in Oxford and South Wales, designs, implements and supports state-of-the-art identity, access and security solutions.
As an eight-time Microsoft Partner of the Year winner, Thirdspace has helped organisations meet complex security and compliance obligations, while improving collaboration between staff, partners and customers. The combined group now boasts over 210 employees providing advanced Azure transformational solutions, data analytics, 24/7 managed services, as well as the latest Sentinel and SOC solutions to identify and respond to critical security threats.
What we did
Our expert team, led by Mark Lucas, Fardeen Nariman and Richard Hill, were introduced to act as the exclusive lead adviser to the shareholders who were seeking an investment which would help realise some value. We swiftly engaged in the transaction, supporting the company in developing its business plan and were subsequently able to secure an investment from TiG, backed by BGF.
The outcome
We successfully structured and delivered the deal for all parties securing some realisation of value as well as finding a new home for the business in TiG, a company which we believe is the right strategic partner for the businesses long-term plan.
As part of the deal, ThirdSpace’s CEO, will join the TiG board as chief strategy officer whilst the sales director is also set to join the board as chief sales officer to drive the company’s ambitions to become the UK’s leading Advanced Digital MSP.
