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Keystone Law advises on £15m AIM listed IT acquisition

The AIM-listed technology recruitment and outsourcing business, Harvey Nash Group, has acquired national IT consultancy Crimson Ltd for a £15m sum.

Birmingham based Crimson delivers IT consultancy and specialist business technologies from Microsoft to blue chip UK companies in sectors such as utilities, retail, hospitality and telecommunications. The acquisition will support Crimson’s ambitions for growth, including international expansion, while increasing the suite of services and expertise the combined business can offer to its existing and new clients.

Crimson’s management team will now focus on scaling up the business by providing Harvey Nash Group PLC clients with access to its technology solutions while also benefiting from Harvey Nash Group’s global presence to expand outside of the UK.

The existing management team, led by CEO Rob Mallaband, will remain with the company to continue to drive Crimson forward, along with the support of Harvey Nash Group.

Rob Mallaband, CEO of Crimson, said:

“Keystone were a key member of my selling team and both their experience and the key resources available within the firm were instrumental in achieving our goals”

Andrew Stilton, lawyer at Keystone Law, added:

“As a midlands based lawyer it was fantastic to be involved in the sale of a local company and to work with a management team whom I have known for over 20 years.”

Keystone lawyers Andrew Stilton and Stephen Clow worked alongside Newcastle-based Ryecroft Glenton Corporate Finance advising Crimson.

Harvey Nash Group PLC was advised by PwC, led by Simon White with legal advice from CMS, led by Jason Zemmel.


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