March 2020

  • Client : Altodigital Networks Limited
  • Activity : UK’s largest independent office and technology provider
  • Sector : Business Services
  • Acquired by: Xerox Holdings Corporation through its UK subsidiary, Xerox (UK) Limited
  • Transaction Type: Sell-side

What our clients say

  • “This new investment and partnership is a very exciting opportunity for myself and our fantastic management team to both consolidate and nurture our existing long-term client relationships as well as attract and develop new clients. Many thanks to the Cavendish team who provided invaluable advice throughout the process and helped us achieve this great outcome for the...

    John Stevenson | CEO ACT Clean
  • The Cavendish team worked seamlessly with their international partners to find the right buyer and guide us through every step of the sale process. This is a great outcome for both the shareholders and ongoing management team. We would happily recommend Cavendish to other business...

    Ben Lane | Co-founder of ALC
  • “We have thoroughly enjoyed working with the Cavendish team. Caroline, Andrew and Eimear offered us unstinting support and valuable advice throughout the transaction. They were instrumental in helping us achieve this...

    Mark Rijkse | Shareholder and director of SMA
  • “Cavendish handled the transaction with elegance and efficiency. They were proactive, everything kept to time and we completed as planned, less than six weeks after agreeing the heads of...

    Rupert Morley | CEO of Sterling Relocation
  • “TM Capital and Cavendish worked seamlessly to evaluate the best possible alternatives for 2Touch and navigate the complexities of a cross-border corporate divestiture to deliver a successful outcome for all parties. We appreciate the senior level commitment from TM and Cavendish and their relentless dedication in completing this important...

    David Eisenberg | SVP Strategy and Corporate Development, Acxiom Corporation
  • “Thank you so much for the hard work you put into our sale. “We are delighted with the result both personally and for the company. We now have some work to do in maximising the benefits of the deal to both parties. Your support during the deal was excellent and helped us go through a process that was completely new to us. It seemed to go very smoothly and I know that much of that was due...

    Mike Shorthose|Chairman and Co-Founder – Helios
  • “Cavendish took the time to really understand our business enabling them to have a professional and well thought out approach to the deal. They assisted immensely with the due diligence process this being reflected in the depth of information needed at times along with the need to carefully manage the numerous requests for information. They provided the kind of support which in the process...

    Anthony French | IT & Finance Director, First City Care
  • “I was delighted with the service that Cavendish offered and their real attention to detail. The deal was not without its complexities and it was reassuring to have Paul and his team assisting me throughout the...

    Peter Bennett|Co-Founder of Timothy James
  • “Cavendish Corporate Finance has been integral to the establishment of the New College of the Humanities, providing both valuable advice and managing a successful fundraising process that has enabled us to have a stellar founding shareholding group that provides not just capital but also experienced investors who will help NCH succeed and...

    Charles Watson|Chairman of NCH

Cavendish Corporate Finance, the UK’s leading sell-side mid-market M&A firm, has advised Altodigital, the UK’s largest independent office, service and technology provider, on its acquisition by Xerox Holdings Corporation (Xerox).

Founded in 1987, Altodigital has a national UK footprint offering a range of products and services spanning print, IT, communications, document management and office supplies. The company employs around 400 staff and provides comprehensive managed services to over 8,000 clients.
With an annual revenue of approximately £70m and nationwide reach, Altodigital represents the perfect partner to grow Xerox’s offering to small and midsize businesses seeking a modern work experience.

James Abrahart, CEO and owner, Altodigital, said:

“Altodigital is joining Xerox on its incredible journey as it undergoes a digital-first transformation and invests in customer-focused innovation,”
Cavendish has extensive experience in the technology sector in the UK, including in print and ICT managed services. Previously the Cavendish team advised the shareholders of Annodata on its acquisition by KYOCERA Document Solutions (“KYOCERA”).

The Cavendish Corporate Finance team was led by Andrew Jeffs, Partner, Business Services.

Andrew Jeffs commented:

“We are delighted to have advised James Abrahart and the Altodigital team throughout this process, and we were pleased that we were able to help them secure the perfect strategic partner which shares their focus on serving the burgeoning SME market. Joining forces with Xerox will provide Altodigital’s clients access to a broader offering of technology services – a demand trend we are seeing across the ICT sector.”

Key Contacts

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