International legal practice Osborne Clarke has advised the shareholders of Redstor Holdings, a leading provider of cloud data management software and services, on an investment by Birmingham-based Beech Tree Private Equity. The investment will be used to accelerate product development and to support complementary acquisitions.
Founded in 1998 by Paul Evans and Tony Ruane, Redstor has headquarters in Reading and operations in South Africa, it is best known for its cloud backup and recovery services. The company has also expanded its offering to incorporate cloud archiving and disaster recovery with plans to release data insight functionality soon to address compliance challenges such as the GDPR.
Beech Tree Private Equity is a private equity firm providing capital and expertise to fast growing businesses across the UK. Beech Tree Private Equity invest £10-£40 million into high growth companies typically valued at between £10 and £75 million.
The Osborne Clarke Corporate team who advised on the transaction was led by Partner Greg Leyshon who was supported by Associate Director Emma Barr and Associate Louise Stuart-Buddery. Partner Erika Jupe and Associate Kirsten Banks advised on Tax and Associate Rhiannon Jones advised on incentives. Associate Natasha Burbidge assisted on Employment matters and Senior Associate Daniel Barnhouse on acquisition finance.
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.