Clearwater advises C2IT Group on its sale of C2IT Infrastructure to IT Relation

Transaction

C2IT Group sold its hosting division to IT Relation

Sell-side

Undisclosed

Role

Adviser to C2IT Group on its sale of C2IT Infrastructure to IT Relation

Sector

Tech & Tech Services

Region

Denmark

Clearwater has advised C2IT Infrastructure A/S (C2IT infrastructure), the hosting division of the C2IT Group, on its sale to IT Relation, a leading supplier of IT outsourcing services. C2IT Infrastructure will be merged with Mentor IT (a subsidiary of IT Relation), as the two companies provide services to similar customer bases and geographic locations.

C2IT Infrastructure is part of the C2IT Group, which offers a widespread of IT solutions. The company’s mission is to supply its clients with the best suited IT products and ensure that the clients receive a simple, tailored and ready-to-use product.

IT Relation is a leading supplier of IT outsourcing services. The company has a strong platform with two business units focusing on managed services and solutions respectively. IT Relation has over 500 employees and supports more than 75,000 users in 55 countries.

The combination of the team’s vast knowledge and experience within the sector as well as their connections to relevant players in the market, made Clearwater the obvious choice when choosing our adviser. Throughout the process, the team has been ever present and available, with a clear focus on quickly getting issues clarified and resolved. Clearwater’s solid reputation meant that we went into the market with strong credibility in both our case, sales materials and financial performance.
Carsten Sixhøi, CEO at C2IT