PwC advises the shareholders of Tisski Limited on the sale to Node4 Limited
PwC UK Corporate Finance have advised the shareholders of Tisski Limited, a leading UK-based independent Microsoft Business applications partner, on the sale to Node4, a cloud-led digital transformation Managed Services Provider (MSP).
Founded in 2011, Tisski has grown rapidly over the past few years, driven by its culture of delivery, employee empowerment and industry knowledge. As one of the UK’s leading Microsoft Gold Partners and Cloud Solutions Providers - including as an Inner Circle member - Tisski has built a track record of success with some of the UK’s largest Public Sector organisations, including the Ministry of Defence and the Department for Transport, as well as a strong presence across a range of resilient public sector agencies such as housing, blue light services, local government and healthcare.
Tisski is renowned among its customers for its innovation in both delivery methodology and end market verticals, particularly within police forces where its solutions enhance intelligence and decision-making to increase efficiency and provide better services for victims of crime. The company has 184 staff, which Node4 is committed to retaining post-acquisition.
Backed by Providence Equity Partners, to build on its strong organic growth, Node4 targets strategic acquisitions that will enhance its ability to provide market-leading end-to-end services and help UK businesses move to secure, cloud-based platforms that will really make a difference to their people and clients. Complementary with the existing Node4 portfolio, Tisski is Node4’s third acquisition under principal investor, Providence Equity Partners, following the purchase of TNP (The Nav People), the UK’s largest Microsoft NAV and Business Central partner, and Risual, a leading Azure-focused Managed Services Provider. Led by its founder and CEO, Anna Assassa, Tisski’s highly skilled management team will remain in place as part of the wider Node4 group.
Anna Assassa, Founder of Tisski, said:
“The PwC Corporate Finance team were the perfect advisors for Tisski, working incredibly hard to help us through every step. They understood us and our market and found us a buyer who was the perfect fit for our company. They used their experience and relationships to deliver a great result and did it all with integrity throughout. I couldn’t be more grateful for their help and support and would recommend them wholeheartedly to anyone in the IT consulting sector”
Ian Birch, Director in TMT Corporate Finance at PwC, said:
“It's been fantastic to support Anna and the team through this transaction, having advised Node4 previously, I know we've found a great home which will allow Tisski and its people to flourish”
PwC UK Corporate Finance acted as lead financial advisor to Tisski - with the PwC team advising on the deal led by Ian Birch, and supported by Arjun Patel, Nick Fletcher and James Longbottom. Additional partner support was provided by Daniel Gallagher.
PwC also provided financial due diligence services, led by Jon Cooper and supported by Paddy Meikle Brown, Georgia Newman and Dan Burton, as well as tax due diligence services, led by Usman Choudhary, and supported by Hannah Solomons, Jonathan Mitchell, Laura O'Flynn, Ashley Prior, Lauren Roberson, Scott Frame, and Briony Downs. Other tax services were also provided by Dan Packwood and Chris Norgrove.
If you’d like any further information on the deal, please contact Ian Birch or Arjun Patel.
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