Capital Law advises Wanstor shareholders on sale to Previder, part of Odin Group
Capital Law has advised the shareholders of Wanstor, a UK managed IT services provider, on the sale of the business to Previder, part of Odin Group (Seven2 backed).
Founded in 2002, Wanstor employs approximately 200 people and provides services spanning IT support, cybersecurity, cloud, data and AI. Its technical expertise and round-the-clock service desk helps organisations improve their use of technology, strengthen security and support their employees.
The acquisition marks a further step in Previder’s international growth, extending its operations into the UK alongside its presence in the Netherlands, Belgium and Germany. Wanstor’s established customer relationships and local expertise provide a foundation for the group’s expansion in the UK.
Joining the wider group gives Wanstor access to additional investment and expertise to develop its services, while customers will continue to work with the same teams and retain their existing services and support arrangements.
The shareholders were advised by Capital’s Corporate & Private Equity team, led by Tom Kelleher, with support from Cerith Bevan and Benjamin Liebenberg. Clearwater also advised the sellers on the deal.
Tom Kelleher, Partner in the Corporate & Private Equity team at Capital Law, commented:
It has been a pleasure to advise Wanstor’s shareholders on this sale. They and the management team have built a business with a strong commitment to its customers and people, providing a solid foundation for growth with Previder. We wish the Wanstor, Previder and Odin Group teams every success for the future.”
Francesca White, CEO at Wanstor, said:
Capital Law were a trusted partner throughout the deal, stewarding us and being responsive through the various twists and turns. They offered pragmatic advice and helped to keep momentum through the key stages. Thank you to all the team.”
Manmit Rai, COO at Wanstor, said:
Capital Law were a great partner throughout what was a complex transaction. They understood what mattered to us, gave clear and practical advice, and helped keep things moving while allowing us to stay focused on running the business. We really appreciated the responsiveness and commitment from the team throughout the process.”
Tom Kelleher
Partner
Corporate & Private Equity, Corporate Advisory, Growth & Venture Capital, Mergers & Acquisitions, Private Equity
Tom is a Partner, who leads our Corporate & Private Equity team. Tom is an experienced mergers and acquisitions lawyer, specialising in private equity and venture capital, acting for private equ... Read More
