Travers Smith LLP has advised the shareholders of Offsite Archive Storage and Integrated Services Holdings Limited (OASIS) on the sale of OASIS in a secondary buy-out backed by Montagu Private Equity (Montagu).
Founded in 1999, OASIS Group is one of the largest and most diverse professional records and information management companies in Europe. It operates in 30 locations across six countries, managing vital information for over 5,000 clients. The Company, which is headquartered in Dublin, has successfully completed 29 acquisitions since its inception. In February 2017, OASIS was included in the ‘Inc. 5000 Europe 2017’ list of the fastest-growing companies in Europe.
Montagu will partner with CEO Brian Connolly and his management team to continue to grow the business through further European expansion, selective acquisitions and strong organic development. As part of the transaction, the current Executive Chairman of OASIS, Dennis E. Barnedt, will remain as a Director and significant shareholder in the Company.
Brian Connolly, CEO of OASIS, said: “We are very pleased to welcome Montagu as new investors in the Company as we continue to deliver on our ambitious growth strategy. Montagu have backed similar businesses in the past and we look forward to partnering with Michal and his team.”
Dennis E. Barnedt, Founder of OASIS, added: “I am delighted that Montagu will be supporting the continued growth of OASIS going forward. OASIS has established a leading role in the industry over the years and we plan on further reinforcing this position throughout Europe with the help of Montagu.”
The Travers Smith team was led by Private Equity Partners Edmund Reed and Paul Dolman and Private Equity Senior Associate Ian Keefe who were assisted by Private Equity Associates Katie McGarry and Tom Lloyd. Tax advice was provided by Tax Partners Kathleen Russ and Simon Yates, Tax Senior Associate Camilla Woodall and Tax Associates Amie McFadzean and Will Kelleher.
LK Shields and NautaDutilh provided Irish and Dutch advice in relation to the sale. Montagu were advised by Weil Gotshal & Manges.