The Carlyle Group invests in Derive Logic
HMT LLP advised the shareholders of ITAM consultancy business Derive Logic Ltd on its investment from The Carlyle Group.
Based in Cirencester with offices across the UK and America, Derive Logic provides services and solutions to enable clients to achieve effective IT governance, assure digital transformation, manage their risk, compliance and performance. Its clients use Derive Logic’s strategic consulting services and managed services to optimise their IT investment while avoiding unnecessary costs and financial penalties.
From strategic reviews & assessments that identify serious issues and risk, to a complete range of managed services, Derive Logic’s services keep its clients’ business compliant, optimised, agile & secure.
The Carlyle Group invested to support Derive Logic’s management team in the next phase of its development. The investment is in addition to Carlyle’s previous investment in the software asset management (SAM) sector, Livingstone Technologies Limited, which was acquired in May 2018.
As part of the investment, Trevor Rolls, chairman of Derive Logic, will be appointed chairman of the group of SAM companies which includes Livingstone. Chris Gough, CIO of Derive, will also join the group’s Board as Chief Strategy Officer.
HMT acted as lead advisors on the transaction which included assessing the strategic options for the shareholders and management, identifying suitable investment partners, negotiating detailed investment terms, tax structuring and project managing the deal to a successful completion.
Trevor Rolls, Chairman of Derive Logic commented:
“We are delighted to have appointed HMT as lead advisors on this transaction. HMT have been very hands-on and professional. They provided invaluable support throughout the process, anticipating and resolving all deal critical issues to ensure a successful outcome for all parties. Their deal experience and pragmatism helped us get the deal done. Thank you!”
Fernando Chueca, Managing Director at The Carlyle Group, commented:
“Derive Logic is a well-respected player in the IT governance and digital transformation sector, differentiated by its strategic consulting approach and broad partner network. I believe Derive Logic will be make a strong contribution to our strategy of building a leading global player in the provision of value-add ITAM services. We look forward to working with Trevor, Chris Gough (founder), Perry Fawcett (CEO of Derive Logic) and Justyn Waterworth (head of sales) to support the company in the next stage of its development.”
Andrew Thomson commented:
“We are delighted to have advised the Derive Logic shareholders on this transaction. The business operates in a fast-growing industry and has an enviable client base in various sectors across Europe and America. Carlyle’s investment combined with the management team’s experience will enable Derive Logic to achieve their ambitious growth plans.”
Why HMT
Passionate
We are passionate about delivering an optimal outcome for our clients and helping them achieve their personal objectives. We understand entrepreneurial businesses because we are one
Our Deals
Personal
Partners are supported by high-calibre professional staff who share our core values of enthusiasm, energy, entrepreneurialism and empathy to our client’s objectives
Our Team
Proven
Our Partners have unparalleled deal experience in the mid-market and are supported by a team of dedicated deal-doers with specialist capabilities and experience
Our Awards
Connected
We have an extensive network of acquisitive corporates, institutional investors and debt providers both in the UK and internationally through our membership of our global network ICFG
Our NetworkLatest News