Penningtons Manches Cooper advises Your.Cloud on acquisition of Iglu Tech Group
The corporate team at Penningtons Manches Cooper has advised Your.Cloud on its acquisition of Iglu Tech Group Ltd, a UK technology services provider. The transaction represents the fourth acquisition on which the firm has advised Your.Cloud and the group’s fifth acquisition in the UK.
Founded to build and support leading managed service providers across Europe, Your.Cloud operates a decentralised buy-and-build model, investing in entrepreneurial businesses while preserving their local identity and expertise. The acquisition of Iglu Tech Group Ltd further strengthens Your.Cloud’s presence in the UK and supports its long-term strategy of building a leading European managed services platform.
Iglu Tech Group Ltd provides a broad range of technology services, including IT support, cyber security, cloud solutions, communications, digital transformation, AI and automation. The business works with organisations across a variety of sectors, helping clients improve productivity, security and operational efficiency through technology-led solutions.
The Penningtons Manches Cooper team was led by corporate partners Adam McGiveron and Emma Bryant, supported by associate, Georgia Giddings. The wider team included corporate tax partner, Oliver Gutman, employment senior associate, Katie Harris, pensions partner, Alison Hills, real estate senior associate, Emma Connaughton, and IP, IT and commercial partner, Oliver Kidd.
Mohit Sharma of Your.Cloud commented: “We are delighted to welcome Iglu Tech to the Your.Cloud family. The business has built a strong reputation for delivering high-quality technology solutions and shares our long-term approach to supporting customers, employees and sustainable growth. This acquisition further strengthens our presence in the UK market and represents another important step in our strategy of building a leading network of managed service providers across Europe. We would also like to thank the Penningtons Manches Cooper team for their pragmatic advice and support throughout the transaction.”
Adam McGiveron, partner at Penningtons Manches Cooper, said: “We are delighted to have advised Your.Cloud on another acquisition. The transaction demonstrates Your.Cloud’s continued commitment to strategic growth in the UK technology sector and further expands its portfolio of managed service businesses. It has been a pleasure to support the team once again, and we look forward to seeing the business continue to grow.”