Three-way cloud merger forms Kerv

Knight Corporate Finance, an adviser for the technology and telecoms industry, has announced it has completed two deals. The firm simultaneously and separately advised the shareholders of DoubleEdge and Foehn in a three-way merger, alongside Metaphor IT.

This merger has created Kerv, a customer- and cloud-first managed services provider backed by private equity house LDC and tech entrepreneur Alastair Mills.

Adam Zoldan, director and co-founder, Knight Corporate Finance, commented, “The dynamism of the channel is exemplified with this latest deal and the emergence of Kerv brings an exciting new player looking to disrupt the market. The deal also demonstrates the confidence of private equity investment in the sector, which looks set to continue”.

James Passingham, founder of Foehn added, “We engaged Knight to take the business through a dry run due diligence process (Knight Vendor Assist) to ensure we were prepared for our eventual exit and the timing turned out to be perfect. Knight delivered a deal that allowed us to realise the wealth we had locked up in the business with plenty of upside as part of the team at Kerv”.

The Foehn deal team comprised Adam Zoldan, Dave Middleton, Tom Jones and Nick Wells. The DoubleEdge Team comprised Adam Zoldan, Dom Lillie, Tom Jones and Chris Collins.

Alastair Mills, executive chairman of newly formed Kerv said, “As a buyer I always appreciate working with a knowledgeable and experienced sell-side advisor such as Knight. They run a professional and disciplined process which was integral to drive the deal through to the agreed timescales and on agreed terms.”

Knight Corporate Finance has now completed five deals since March.

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Charlotte Hathway

Charlotte is the editor of Comms Business and writes content that looks to inform and educate the Channel about the latest technology and business developments across the industry. Prior to her current role, she wrote for other MA Business titles New Electronics, Land Mobile and Critical Communications Today. Before moving into journalism, she spent five years working in public relations and has worked with various technology companies spanning telecommunications, cyber security and software development.

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