26 January 2024
RSM UK has advised Calligo Holdings Limited (“Calligo”) on the divestiture of its Luxembourg based cloud technology and managed IT service provider, Calligo (Luxembourg) PSF S.A., to CONVOTIS Group.
Headquartered in Jersey and invested in by Investcorp, Calligo is a multinational provider of transformative data services. The divestment of Calligo (Luxembourg) PSF S.A. is part of a wider strategic review for Calligo to focus on developing its position in the UK, Channel Islands, Ireland, Canada and the US.
Calligo (Luxembourg) PSF S.A, a subsidiary of Calligo, is a leading IT managed services provider, focusing on cloud infrastructure as a service for clients via its cloud core platform.
CONVOTIS Group is a diversified IT managed services company operating in the DACHs region and is invested in by Elvaston Capital. The acquisition not only expands its expertise in cloud technologies and managed IT services, but also opens up new markets and customers, significantly contributing to strengthening its European presence.
John Bryant, corporate finance partner at RSM UK, said: ‘It was great to work with the team at Calligo on the divestment of its Luxembourg asset to CONVOTIS Group, and to further build on RSM UK’s credentials in the technology industry.’
Jason Petrucci, chief operating officer at Calligo, said: ‘It was important to me personally to find a company that could take our Luxembourg business on the next chapter of its journey and offer both our clients, and employees, the opportunity to prosper and grow under new ownership. I am grateful to RSM for their efforts and support in identifying CONVOTIS Group as I am confident we would not have identified them without it.’