International legal practice Osborne Clarke has advised the Business Growth Fund (BGF) on a 10 million investment into Roc Technologies, one of the fastest growing companies for IT services. The investment will support Roc’s longer-term growth strategy and immediate acquisition of City Change Management (CCM), a provider of project management services for complex business and IT transformation projects.
Founded in 2013, Roc provides business and technology transformation services to multinational companies and public sector organisations. The business, which is headquartered in Newbury, Berkshire achieved organic growth of more than 90 percent between 2016 and 2017. It also featured in second place in The Sunday Times Tech Track 100 2016 and was named in the LSE 1,000 Companies to Inspire Britain in 2017.
The Osborne Clarke Corporate team who advised on the transaction was led by Partner Robert Wood and included Senior Associate Vicky Dudding, Partner Hugh Jones, Senior Associate Daniel Barnhouse and Associate William Devenish.
Described by Chambers as an ‘outstanding corporate practice’, Osborne Clarke’s corporate team is well known for its standout offices in Bristol and Reading, offering advice to blue-chip clients and high-level service for clients on regional, national and cross-border matters. The team advises at every stage of company development across all corporate issues, from equity and debt fundraisings to M&A, IPOs and JVs.