Orbis Partners advise Metaphor on its merger to form Kerv
Orbis Partners is delighted to announce that it has advised the shareholders of Metaphor IT (“Metaphor”) on its merger with DoubleEdge Professional Services and Foehn to form Kerv, a transaction backed by LDC with a combined value of £30m.
Headquartered in London, Metaphor was established in 2015 by Richard Callis and Stuart Grist with Mario Cirillo joining as shareholder/ director in 2016. The business delivers three core solutions, Cloud Services, Digital Workspaces and IT Managed Services providing disruptive solutions in these specialist areas which set it apart from its larger competitors.
Metaphor has been fast growing and has an enviable list of clients including major global brands and FTSE 100 companies, reflecting the quality of its team and service offering.
Kerv, a next-generation ‘customer-first, cloud-first’ managed services provider, was formed by Alastair Mills and Mike Ing (respectively former CEO and COO of Six Degrees) in partnership with LDC. Kerv has revenues of £20 million and a team of 100 employees.
Orbis’ combined knowledge of the IT sector with transaction expertise was invaluable in delivering a fantastic result for the shareholders. We would like to thank the team for their determination and valued advice during the transaction.
Richard Callis, Managing Director
It was a pleasure working with the shareholders of Metaphor IT, who have developed a fantastic business addressing the fast growing market of digital transformation. I am delighted to have advised on their merger with two complementary businesses which provides a strong platform from which to continue Metaphor’s high growth trajectory.
Legal advice was provided by Partners Mark Gibson & Caroline Colliston and Solicitor, Lara Benson from DWF.