Mason Hayes Solicitors

Mason Hayes advises the shareholders of DoubleEdge Professional Services Limited on a 3 way merger to create Kerv

Mason Hayes is delighted to have advised the shareholders of DoubleEdge Professional Services Limited (DoubleEdge) on its sale to Kerv a next-generation ‘customer-first, cloud-first’ managed services provider, which launched in the UK yesterday.

The DoubleEdge sale is part of a £30 million merger of three highly complementary, cloud-based managed services businesses to form Kerv, which is backed by leading mid-market private equity house, LDC, which has provided the funding.

Mason Hayes has a long established relationship with the shareholders of DoubleEdge, having worked with them for over seven years. As a result, Mason Hayes was well placed to prepare the business for sale, to understand key issues related to the business, focus on the main areas of concerns for the shareholders and address these in negotiations to ensure they achieved their goal.

Karen Houghton, Director at Mason Hayes commented “Steve was the first client to join me at Mason Hayes in 2013. He and Alex have put so much in to building the DoubleEdge business over many years, so we are thrilled to see such a fantastic and exciting outcome for them. Despite the on-going Coronavirus pandemic, it is encouraging that a deal of this size and structure has completed and it certainly should give optimism for the TMT sector that it is regarded by Private Equity houses and banks as a sector to back. We wish Steve, Alex and all the stakeholders in Kerv the very best and hope to continue working with them.”

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