M&A Deal Summary

Restore Acquires File and Data Storage

On March 20, 2013, Restore acquired information technology company File and Data Storage from OfficeTeam Group for 6M GBP

Acquisition Highlights
  • This is Restore’s 1st transaction in the Information Technology sector.
  • This is Restore’s 4th largest (disclosed) transaction.
  • This is Restore’s 5th transaction in the United Kingdom.

M&A Deal Summary

Date 2013-03-20
Target File and Data Storage
Sector Information Technology
Buyer(s) Restore
Sellers(s) OfficeTeam Group
Deal Type Divestiture
Deal Value 6M GBP

Target

File and Data Storage

Tewkesbury, United Kingdom
website
File & Data provides records management services to a broad base of predominantly large organisations in both the private and public sector, and currently operates from sites in East London, Tewkesbury, Leeds, Newcastle-upon-Tyne and Manchester.

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Buyer(S) 1

Buyer

Restore

London, United Kingdom

website


Category Company
Founded 2004
Sector Business Services
Revenue 68M GBP (2014)
DESCRIPTION

Restore plc is a support services company focuses on providing services to offices in the private and public sectors.


DEAL STATS #
Overall 5 of 21
Sector (Information Technology) 1 of 4
Type (Divestiture) 1 of 5
Country (United Kingdom) 5 of 20
Year (2013) 1 of 3
Size (of disclosed) 4 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-02 Drawlin

Middleton, United Kingdom

Archive Solutions is a nationwide records management service provider.

Buy £3M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-19 ATIX

Sittingbourne, United Kingdom

ATIX Ltd. is a records management service provider offering secure, confidential document storage and archiving solutions for paper based filing.

Buy £930K

Seller(S) 1

SELLER

OfficeTeam Group

Croydon, United Kingdom

website


Category Company
Sector Distribution
DESCRIPTION

OfficeTeam (fka: OyezStraker) is an independent office supplies distributor, with a major position in the legal market.


DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1