A team led by Jeremy Orrell, including Lorna Bennett and Sara Berry, at North West law firm SAS Daniels LLP, has advised IT asset management firm Mattelli on its sale to the global IT solutions distribution leader, Avnet Technology Solutions.
The acquisition sees Macclesfield-based Mattelli incorporated into the Fortune 500-listed Avnet Inc organisation, one of the world’s largest electronics distributors with a turnover of $26.5bn.
Mattelli’s cutting-edge technology allows organisations to manage their hardware and software assets as well as conducting contract management, costing, budgets and tendering processes.
Jeremy Orrell, corporate partner at SAS Daniels, said: “This deal represents a significant watershed for the team at Mattelli. The new relationship with Avnet will allow the firm to roll out its market leading services to a global marketplace.
“The timescale, size and complexity of the deal meant our corporate team was required to work intensively throughout to close the deal and Mattelli praised our diligence and professionalism in getting the transaction over the line so effectively.”
Mattelli co-founder, Simon Ellis, said: “Avnet’s considerable size and scope will make it possible to accelerate the speed at which partners can take advantage of this considerable market growth opportunity.”
A team led by Tony Edwards of City firm Stephenson Harwood advised Avnet.
View coverage from Insider North West here: ‘Mattelli snapped up by American IT giant’