Acquisition of Netstar by August Equity backed Air IT

Deal typePrivate Equity & Transaction Services
IndustryBusiness Services & Technology & Media
Client nameKoru Bidco Limited

BDO provided due diligence and deal support for Air IT (an August Equity portfolio company) in respect its acquisition of Netstar UK Limited, a London based managed IT solutions business..

Netstar delivers managed IT support, digital transformation services, cyber security and connectivity to the SME market. 

Netstar is the latest investment for Air IT Group, as part of its buy and build strategy, to create one of the UK’s largest SME cloud providers.

"BDO did a first class job throughout our transaction process against a very tight timeline. An excellent combination of deep analysis with a strong commercial overlay allowed us to bring together an integrated picture of the business, its history and future outlook. It was a pleasure working with them and I very much look forward to working together on the next project."

Angus Duthie-Jackson, August Equity 

"It was a pleasure to work with August and Air IT in IT managed services again. It adds to our recent experience with Bowmark and Focus, as well as Graphite and Babble."

Derek Neil, Partner, BDO