Virtual Clarity CSC Investment: Silverpeak investment bank
About the Virtual Clarity CSC investment
Silverpeak acted as exclusive financial adviser to Virtual Clarity on its investment by CSC (NYSE: CSC), a global leader in next-generation IT services and cloud solutions. Virtual Clarity is a leading provider of IT-as-a-Service transformation strategy and leadership. This Silverpeak-advised transaction establishes Virtual Clarity as a Strategic Affiliate of CSC, with a joint go-to-market approach across key industry verticals.
Virtual Clarity
Virtual Clarity helps global clients solve complex business and technology problems. Its ClearTransformation service enables companies to move from legacy IT to a nimble IT-as-a-Service model. As a result, businesses can accelerate innovation and build lasting value. The company focuses on Financial Services, Insurance, Telecom, and Manufacturing clients. Furthermore, it has achieved over 35% annual growth, with more than half of revenues coming from North America.
Strategic rationale
CSC’s investment in Virtual Clarity accelerates the company’s transformation consulting services. It also gives Virtual Clarity access to CSC’s global resources and customer base. In addition, the partnership creates joint go-to-market opportunities across three continents. Together, the two businesses are well placed to serve large enterprises undergoing complex IT transformation.
How Silverpeak added value
Silverpeak acted as sole adviser to Virtual Clarity throughout the process. The team led engagement with parties across three continents. Moreover, Silverpeak advised the company through all phases of the deal and negotiated the transaction to a successful outcome. The investment terms were not disclosed.
What our clients said
Steve Peskin, CEO of Virtual Clarity, said: “Strategic options for companies like ours are getting more creative. Trade sales are no longer the only route. Collaboration and preserving culture are now recognised as key parts of value creation. Without expert advice, management teams struggle to understand their options and execute the right transaction. That is why we used Silverpeak. It worked.”
Charles Grant, Chairman of Virtual Clarity, said: “We have worked with Paddy MccGwire on several occasions. His practical and careful approach has been a winning formula for us. It is always a pleasure working with the Silverpeak team.”
Paddy MccGwire, Managing Partner at Silverpeak, added: “Virtual Clarity has created a unique asset in the market. CSC’s investment gives the business access to aligned resources and customers. Furthermore, this hybrid strategic partnership will accelerate Virtual Clarity’s growth significantly.”