Herrington Carmichael advise on the sale of Cloud Distribution to the Nuvias Group
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). 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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Herrington Carmichael offers legal advice to UK and International businesses as well as individuals and families. Rated as a ‘Leading Firm 2023’ by the legal directory Legal 500 and listed in The Times ‘Best Law Firms 2023’. Herrington Carmichael has offices in London, Farnborough, Reading, and Ascot.