PwC Debt & Capital Advisory (“DCA”) is pleased to announce that it has advised Xalient Group (“Xalient”), a privately owned IT managed services company, on its successful debt raise.
Xalient is a high growth, independent provider of IT managed services, system integration and IT consulting, with a presence in the UK and US. It was set up specifically to help companies navigate the challenges associated with digital transformation, such as cloud-based networks, flexible workforce and cyber threats. By combining software-defined network and communication technologies with managed services, Xalient helps its blue-chip clients to become more secure, adaptable and responsive to change.
The PwC team was led by Adam Horey and supported by Louise O’Sullivan and Ben Colman.
Sherry Vaswani, Xalient CEO, said:
“PwC provided excellent guidance and support throughout the process, resulting in a successful outcome for Xalient. This will allow us to further accelerate our growth plans and service innovation agenda, enabling us to compete and win in this dynamic and fast-growing global marketplace.”
Adam Horey, PwC Deals partner, commented:
“We are delighted to have advised the management team at Xalient on their recent debt raise. Following an impressive journey to date, this transaction provides the company with the funding needed to capitalise on the significant market opportunities in the software-defined secure networking and managed services space and helps to build a strong operating platform to support future growth.”
Partner, PwC United Kingdom
Tel: +44 (0)7740 242796