Relationship teams across RBS International’s Corporate and Markets division in Jersey worked closely with BDO Jersey to structure the lending transaction.
The strategic acquisition of C5 further enhances BDO’s extensive range of services and sees the BDO brand across the Channel Islands grow to employ over 350 people.
Prior to the acquisition, C5 Alliance was already the largest provider of IT services in the islands.
Stephen Reilly, Managing Director, Corporate and Markets, RBS International, said that it was a complex deal which drew upon the expertise available from RBS International teams locally.
‘It provides a tailored lending facility. which met our criteria and the customer’s objectives, and supports the expanding digital sector in Jersey,’ he said.
Matthew Corbin, Chief Executive Officer of the BDO Group in Jersey said that their acquisition of C5 is another important step in their ambition to develop a leading integrated professional services business. ‘This will provide our clients with advice and support through the key areas of strategy, risk and technology,’ he said.
‘We were delighted to work closely with RBS International on this highly strategic acquisition.’
