Thames Valley: Wilson Partners acts on sale of Solsis to Candela

Wilson Partners Corporate Finance acted for the shareholders on the sale of Solsis to Candela Enterprises. The deal value was not disclosed.

Founded in 1996, Solsis is a managed services provider with a well-established services portfolio encompassing IT support, cloud computing, managed services, technical and consulting services and technology-solutions and procurement services. It is a provider primarily for small and medium-sized businesses throughout the south.

The shareholders required both a capital exit and a home for the business as part of a similar, larger organisation to give the business scale and ability to service an ever-growing client base.  

Graham Stead, MD of Solsis who will continue as part of the management team of the enlarged business, said: “We were delighted to have had Wilson Partners in our corner to lead us throughout.”

Bob Brittaine, chairman of Candela Enterprises, commented: “Having already acquired Amicitia we sought a company with a strong client base, innovative service and a South East geography that complemented our own.”

Adam Wardle, head of corporate finance at Wilson Partners, added: "Another Thames Valley success story and I’m very pleased for the Solsis shareholders.”