Armstrong supports Palatine’s investment in fast growing IT managed services provider Acora

Armstrong has provided CDD for Palatine’s minority investment in IT managed services provider Acora.

Acora is an award-winning IT services and technology partner with over 25 years’ experience. Acora serves dynamic mid-market UK enterprises in industries characterised by rapid change and strong growth potential, with an outstanding customer experience through innovation and great people. The company delivers a range of IT support and Microsoft-centric software and cloud solutions. Armstrong provided a detailed customer referencing report on behalf of the management team pre-exclusivity, and a CDD report focusing on validating Palatine’s key investment hypotheses post-exclusivity. Andy Strickland, Senior Investment Director at Palatine Private Equity said: “Armstrong demonstrated an excellent knowledge of the sector and focused on our key issues in a short timeframe. We appreciated their user friendly and responsive approach, and the clear conclusions and practical recommendations drawn out in the report.”

Palatine’s investment will enable Acora to execute its targeted buy-and-build strategy to increase scale and add new capabilities to the service offering. Palatine will support Acora's value creation plan as it invests in people to support its processes, and new technologies which will enable it to offer clients the best in class cloud transformation and support. For further details of this, or the other 15 technology transactions (seven of which are IT/Comms managed services) that Armstrong has supported in the last year, please contact: Mike Callow, Head of Technology +44 7894 594 500 mcallow@armstrong-ts.com Magnus Hedberg, Senior Consultant +44 7988 121 458 mhedberg@armstrong-ts.com

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