Claranet Acquires Mandic Cloud Solutions
April 19, 2021
Claranet, the UK-based cloud and cybersecurity services provider, has acquired Brazilian cloud specialist Mandic (Mandic Cloud Solutions) in a transaction that marks a near-complete exit for investors Riverwood Capital and Oria (with Riverwood retaining under 5%). The deal — value not disclosed — brings Mandic's customers and capabilities into Claranet's Brazil operation (which will have ~R$250 million in revenue and ~450 employees post-deal); Mandic founder Aleksander Mandic sold his remaining stake and CEO Maurício Cascão stays on.
- Buyers
- Claranet
- Targets
- Mandic Cloud Solutions
- Sellers
- Riverwood Capital, Oria Capital, Aleksander Mandic
- Industry
- Cloud & SaaS
- Location
- São Paulo, Brazil
- Transaction Type
- Buyout
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