Cripps advises on secondary buyout of The Bunker by Palatine Private Equity
Cripps has advised the management team of The Bunker Secure Hosting Limited on its secondary buyout by Palatine Private Equity from Foresight Group.
The Bunker was founded over 20 years ago and delivers mission critical cloud solutions via its ultra-secure data centres across the South of England. The company has seen accelerated growth in recent years as UK corporates have found themselves under increased pressure to have in place higher security for sensitive data; a trend which can only continue with the GDPR coming into force next year.
This is an important deal for Palatine, which plans to use The Bunker as a buy and build platform to create a full service cyber security business.
The Cripps team led by partner Salim Somjee and assisted by Helen Garner and Lowri Jones, worked closely with Phil Bindley and the management team to ensure the successful completion of the transaction.
Phil Bindley commented: “This was an unfamiliar process for a number of the team and we appreciated the support and guidance given by the Cripps team. They took into account the differing circumstances of those involved and worked closely with other advisers to ensure the transaction completed quickly and successfully.”
This deal is the latest of a number our corporate team have advised on. For more information click here.