Sale: Servium Limited
Crowe has successfully supported the Board and shareholders of Servium Limited (Servium) on the sale to Advania UK (Advania), part of the Advania AB Group (Advania AB).
Servium is an IT services company specialising in hardware provision and supply chain, consultancy, support and managed services. Their end-to-end capabilities are designed to meet the IT needs of mid-market and enterprise businesses in the UK and globally.
Advania AB, a Nordic IT services provider and a portfolio company of Goldman Sachs Asset Management, is one of the leading end-to-end IT services providers for the mid-market in Northern Europe, with operations in the UK, Sweden, Norway, Iceland, Finland, and Denmark.
The acquisition allows Advania to offer an even broader range of services, software and hardware procurement for customers, as well as strengthen relationships with leading manufacturers and distributors.
Crowe's role and team
Crowe provided integrated corporate finance advice and M&A tax services to the Board of Servium in support of the transaction.
The sale was led by Geert Struyven and supported by Harry Phipps and Harvir Atwal.
M&A tax advice was provided by Emma Reynolds. Emma supported the Board through the tax due diligence process and provided tax input on deal structuring and employee share option matters.
Client quote
“We are very excited to see the acquisition completed by Advania UK. As with all acquisitions, there are a lot of moving parts, and you rely on your advisors to steer you through the process. Crowe has supported Servium every step of the way and we are extremely grateful for their thorough and professional approach."
Paul Barlow, CEO, Servium Limited
