Claranet Buys Star for GBP55M With Backing From Abry, Ares, RBS
Summary
European managed technology service provider Claranet Ltd. has acquired STH Ltd. and its subsidiary Star Technology Services Ltd. for 55 million U.K. pounds, with backing from Abry Partners, Ares Capital Europe and the Royal Bank of Scotland PLC. Terms of the investments by RBS and Ares werent included in a press release, but Abrys participation represented a minority investment.
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