Acquisition of Air IT Limited by August Equity LLP
Deal TypePrivate Equity & Transaction Services
IndustryBusiness Services & Technology & Media
Sub-IndustrySupport services & Technology
ClientAugust Equity LLP
BDO provided due diligence and deal support for August Equity LLP in respect its investment in Air IT Limited.
Air IT delivers managed IT support, digital transformation services, cyber security and connectivity to the SME market.
Air IT is the third investment for August in the broader managed services space and the first from its latest Fund V. August intend to use the knowledge and network built over time to assist the Air IT management team in creating the UK’s largest SME cloud provider.
The deal was led by Partner Mehul Patel, with Richard Muckle, Sam Hardy and Angus Duthie-Jackson.
"It was a pleasure to work with August in IT managed services again, following our work with Charterhouse."