OCSL

CG Results advises OCSL on its acquisition by CANCOM

CG Results International is delighted to announce that it has acted as exclusive financial advisor to OCSL on its acquisition by CANCOM, a German-based listed IT Services business with a turnover exceeding €1 billion.

CANCOM signed a contract to acquire the parent company of UK IT solutions provider OCSL. In joining forces with OCSL, CANCOM takes another determined move towards a substantial UK market presence and the international growth of its business. In spring 2018, CANCOM acquired the UK-based UCC and Managed Services provider Ocean Intelligent Communications, now renamed as CANCOM Collaboration and Communication.

With OCSL acting as future hub for CANCOM Group’s UK activities, the transaction creates a major player in the country’s IT market by utilizing the combined product portfolios, capabilities and partner relationships of OCSL and CANCOM together. At the same time, it establishes a substantial UK-based branch for international clients and the managed services business of the whole CANCOM Group.

This is CG Results International’s fourth Technology Services transaction of the year after advising RedPixie on its sale to HPE, e2y on its sale to Dimension Data and MWR on its sale to F-Secure, further cementing our position as a leading advisor in the sector and evidencing our strong capabilities in delivering high value transactions for highly skilled tech-enabled services companies.