Select Transactions:
The Carlyle Group invests in Derive Logic
ICFG UK
The Carlyle Group invests in Derive Logic
Target Company Name Derive Logic
Deal Types
  • Debt & Equity Financing
  • Mergers & Acquisitions
Target Country United Kingdom
Buyer Name / MBO Team / MBI Team The Carlyle Group
Buyer Country United States
Transaction Description

HMT LLP, ICFG member based in the United Kingdom has recently advised the shareholders of ITAM consultancy business Derive Logic Ltd on its investment from The Carlyle Group.

Based in Cirencester with offices across the UK and America, Derive Logic provides services and solutions to enable clients to achieve effective IT governance, assure digital transformation, manage their risk, compliance and performance. Its clients use Derive Logic’s strategic consulting services and managed services to optimise their IT investment while avoiding unnecessary costs and financial penalties.

From strategic reviews & assessments that identify serious issues and risk, to a complete range of managed services, Derive Logic’s services keep its clients’ business compliant, optimised, agile & secure.

The Carlyle Group invested to support Derive Logic’s management team in the next phase of its development. The investment is in addition to Carlyle’s previous investment in the software asset management (SAM) sector, Livingstone Technologies Limited, which was acquired in May 2018.

As part of the investment, Trevor Rolls, chairman of Derive Logic, will be appointed chairman of the group of SAM companies which includes Livingstone. Chris Gough, CIO of Derive, will also join the group’s Board as Chief Strategy Officer.

HMT, led by Andrew Thomson and Ricky Lane, acted as lead advisors on the transaction which included assessing the strategic options for the shareholders and management, identifying suibtable investment partners, negotiating detailed investment terms, tax structuring and project managing the deal to a successful completion.

Trevor Rolls, Chairman of Derive Logic commented:

“We are delighted to have appointed HMT as lead advisors on this transaction. Andrew and Ricky have been very hands-on and professional. They provided invaluable support throughout the process, anticipating and resolving all deal critical issues to ensure a successful outcome for all parties. Their deal experience and pragmatism helped us get the deal done. Thank you!”

Fernando Chueca, Managing Director at The Carlyle Group, commented:

“Derive Logic is a well-respected player in the IT governance and digital transformation sector, differentiated by its strategic consulting approach and broad partner network. I believe Derive Logic will be make a strong contribution to our strategy of building a leading global player in the provision of value-add ITAM services. We look forward to working with Trevor, Chris Gough (founder), Perry Fawcett (CEO of Derive Logic) and Justyn Waterworth (head of sales) to support the company in the next stage of its development.”

Andrew Thomson commented:

“We are delighted to have advised the Derive Logic shareholders on this transaction. The business operates in a fast-growing industry and has an enviable client base in various sectors across Europe and America. Carlyle’s investment combined with the management team’s experience will enable Derive Logic to achieve their ambitious growth plans.”

Industry Sectors
  • Business Services
  • IT and Telecommunications
ICFG Office Henley-on-Thames, United Kingdom
ICFG Advisory ICFG UK

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