RPC advises Park Place Technologies on third major UK acquisition in a year
City-headquartered law firm RPC has advised US-based data centre maintenance provider Park Place Technologies on its third major UK acquisition in a year, as it completes the purchase of competitor NCE Group.
The deal follows on from Park Place Technologies’ acquisitions of Prestige Data Centre Solutions in May 2017, and enterprise storage support provider Com-Com in September 2016. RPC's UK Corporate team advised Park Place Technologies on both deals. Park Place Technologies also instructed RPC's Singapore Corporate team to handle its acquisition of Singapore and Malaysia-based Performance Data in July 2017.
The acquisitions form part of Park Place Technologies’ rapid growth strategy, as the business increases its capacity to provide exceptional service to customers worldwide. NCE customers will benefit from greater access to engineering capabilities and faster response times.
Headquartered in Cleveland, Ohio, and with a UK base in London’s Canary Wharf, Park Place Technologies is a leading provider of hardware maintenance and support, and one of the fastest-growing technology companies in the US. The business forms part of Chicago private equity firm GTCR’s portfolio of businesses.
NCE Group, based in Calne, Wiltshire – part of the UK’s M4 technology corridor – is a provider of data centre and enterprise IT maintenance and support. Originally founded in 1981 in San Diego, California, the business later relocated its global headquarters to the UK.
The deal was led by RPC Corporate Partner Richard Haywood, assisted by Senior Associate Jason Varney, Senior Associate Rupert Wyles, Associate Emily McGregor, Associate Sarah Carmichael and Trainee Alex Farrow.
The deal was also assisted by Partner David Gubbay and Senior Associate Ben Roberts (Tax), Legal Director Graham Spalding (Transaction Services), Senior Associate Rachel Pears (Employment), and Associate Adam Cusworth (Intellectual Property and Contracts).
Commenting on the deal, Richard Haywood said: “Park Place Technologies needs its advisers to deliver quickly and cost-efficiently, and our expertise and experience mean we’ve been able to do exactly that.”