Blackthorn included in Renatus weekly M&A roundup for its advice in the Calligo acquisition of Cinnte Technologies.

Deal Details: Cinnte Technologies has been acquired by award winning IT Managed Services firm Calligo for an undisclosed sum.

Cinnte Technologies, founded and led by Danny Barr, has bases in Cavan and Dublin. Its core services of managed IT, cloud and Microsoft 365 are similar to Calligo’s services.

Jersey-based Calligo provider of end-to-end managed data services, with a worldwide customer base.

Advisers: Corporate Finance advisors to the shareholders of Cinnte – Ann-Marie Reddy Blackthorn Capital. Legal Advisors – Edward Johnston Clarke Hill

Renatus Comment: This is Calligo’s third Irish deal in 2020 following acquisitions of DC Networks in January 2020 and Itomic Voice & Data in June 2020. The IT managed services market is a sector that is going through continued consolidation as groups look to scale through acquisition and bring additional expertise and customers into the groups.

Source: Calligo Press Release