Orbis Advises On Cross-Border Sale Of IT Infrastructure Specialist
Prestige Systems Ltd (Prestige), an IT infrastructure specialist based in Bromsgrove has been sold to US-headquartered Park Place Technologies (Park Place) for an undisclosed strategic price. The transaction was originated and led by Shah Zaki and Oliver Wadlow from Orbis Partners.
Prestige has over 28 years’ experience providing IT solutions and expertise in the data centre industry. Services include full project life-cycle management from design and implementation through to support and management.
Prestige’s nearly three decades of exemplary IT data centre service will complement Park Place’s world-class support model as we expand and grow our client base together throughout the UK, Europe, and beyond.
Ed Kenty, Chairman and Chief Executive
Prestige’s co-founders, John and Elaine Dawson, James Coyle, and Mark Jones will leave the business.
Park Place are an extremely progressive company whose longer-term objectives will be enhanced significantly with the addition of Prestige to their portfolio. We look forward to seeing great things coming from this highly complementary union.
John Dawson, Co-founder
The Orbis Team supported the process from start to finish with enthusiasm, professionalism and focus. Their knowledge of the IT sector and experience working with similar businesses ensured we found a strategic buyer and has helped to deliver an excellent outcome for us.
We are delighted to have concluded a deal that recognises the strategic value of Prestige. There are excellent synergy benefits to be gained by combining the two businesses.
