EvolutionCBS plays key role in European Raid Arrays investment
Theale-based business sale advisors EvolutionCBS have managed an investment of growth capital into Chesham’s European Raid Arrays, provider of cloud infrastructure-as-a-service solutions, by Rockpool Investments.
ERA provides both public and private cloud environments to the post-production, visual effects and broadcast media sectors with virtual workstations, storage-as-a-service, workflow applications, connectivity and cloud archiving solutions among the services they offer.
Rockpools, a private equity firm, is supporting ERA’s existing management team with additional growth capital to widen the services offered. The transaction value remains undisclosed.
Read more - EvolutionCBS advises on sale of cloud provider Egress to FPE Capital
Steve Barry, Senior Client Director at EvolutionCBS, said: “We are absolutely delighted for the management team at ERA, particularly as this transaction features an excellent business active within technology-enabled media and entertainment industry, engaging with a Private Equity firm that is committed to the longer term success of this great business.”
Read more - Why owners trust EvolutionCBS to sell their businesses
