Travers Smith, a prestigious law firm, has successfully advised Wavenet on its strategic combination with Daisy Corporate Services, which is set to position the merged entity as the United Kingdom’s premier independent IT managed services provider. The resultant umbrella organization is projected to boast an impressive turnover of £500 million, a consolidated workforce of approximately 2,000 individuals, and a strong customer base of over 22,000 entities. The synergy aims to propel innovation within the cyber, cloud, and intelligent network solutions sectors, targeting an expansive market comprising UK businesses and public-sector clients. Both Wavenet and Daisy have exhibited a pattern of robust expansion propelled by organic growth and a series of strategic acquisitions, with Daisy’s recent acquisition of ECSC and Wavenet’s aggressive buyout spree, including the public takeover of AdEPT Technology Group plc, serving as noteworthy milestones that have substantially enhanced their market capabilities and profitability. The pivotal transaction escalates Macquarie Capital Principal Finance’s role, with the private equity titan set to emerge as the largest shareholder of the combined enterprise. The acquisition amalgamation was orchestrated by a team of legal savants from Travers Smith, led by Corporate Head Spencer Summerfield and Partner Hugh Hutchison with able support from their Senior Associates, Associates, and Trainees.

Legal Services, Information Technology & Managed Services, Private Equity,United Kingdom