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Herrington Carmichael advise on the sale of Cloud Distribution to the Nuvias Group

Jun 1, 2021

Specialist UK-based cloud software distributor, Cloud Distribution has been acquired by the Nuvias Group, a European high value specialist distributor. Herrington Carmichael LLP advised the shareholders of Cloud Distribution through the acquisition process. Cloud Distribution is a distributor specialising in cloud-based solutions, with extensive relationships with new and emerging technology vendors. The complementary offerings of the two businesses acquisition will support Cloud Distribution’s acceleration into new and emerging markets.

Yavan Brar (Managing Partner and Head of Corporate & Commercial) led the transaction which involved the sale of the entire share capital of Cloud Distribution by the senior management team. The transaction involved a detailed consideration structure and complex earn out, requiring a balance of control during the earn out period and recognition of the support being provided by the Nuvias Group. The team advised the shareholders on a complex due diligence process, which included the streamlining of the company’s corporate governance and intellectual property matters. Yavan was assisted on the corporate elements of the transaction by Matthew Lea (Senior Solicitor) and Emma Roper (Solicitor).

Additional Herrington Carmichael team members advised on elements of the transaction, including Michelle Lamberth (Corporate Governance), Stephanie Craig (Intellectual Property) and Katrine Clay (Employment). Herrington Carmichael were supported by Parisitax LLP on tax matters.

Greg Harris, CEO, Cloud Distribution said “Yavan, Emma and the wider Herrington Carmichael team were excellent to work with and provided us with comprehensive and commercial advice at every stage of the process. Thank you in particular to Yavan, whose expert guidance, support and ability to listen to us throughout the transaction was key – we simply could not have done the deal without him!”  

 

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    We zijn advocaten in Camberley, Wokingham en Londen. In 2019 won Herrington Carmichael 'Property Law Firm of the Year' bij de Thames Valley Business Magazines Property Awards, 'Best Medium Sized Business' bij de Surrey Heath Business Awards en werden we uitgeroepen tot IR Global's 'Member of the Year'. We zijn gerangschikt als Leading Firm 2020 door Legal 500 en Alistair McArthur is gerangschikt in Chambers 2020.

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