Sale of Circle IT Solutions to MML-backed Arrow Business Communications

Deal typePrivate Equity & Transaction Services
IndustryTechnology & Media
Client nameCircle IT Solutions

BDO provided vendor due diligence services on the sale of Circle IT Solutions to Arrow Business Communications. 

Circle is a fast growing, technical IT focused design and consultative organisation. Based in Cardiff, Circle focusses on large scale IT consultancy, design and implementation with a particular focus on cloud enablement utilising its eight Microsoft Gold Certifications. It also owns Fabric, a market leading software provider and IT support company based in Macclesfield.

Circle is Arrow's fifth acquisition this year. Circle’s solutions are complementary to Arrow’s and the strong synergies with recent acquisitions will facilitate the Group’s organic growth and expertise in these areas.

Arrow received investment from MML, the UK SME Private Equity firm, in January 2020. Part of its investment included a new acquisition facility, enabling Arrow to continue its growth trajectory both organically and acquisitively. Arrow provides business communication and IT services to its UK mid-market and SME customer base.

Circle was founded in 2002 and has gone on to build a national customer base, with clients including UKTV, Harrison Clark Rickerbys and Cardiff University. More than 100 employees at the Cardiff Gate Business Park headquarters will now become part of Arrow.

“BDO were great to work with as they understood the sector and our business. Their work supported our sales process and as a consequence we were able to get the transaction completed a lot quicker with far fewer queries from the interested parties and more importantly they were great fun to work with. 😊”

Roger Harry, Founder, Circle IT

"It was a great experience to work alongside Circle and support them in securing a successful sale to Arrow. This appears to be a very complimentary fit and we are excited to see how the enlarged business develops in the future."

Derek Neil, Partner, BDO LLP