Hogan Lovells has advised IT company 2e2 on the sale of its European businesses to Logicalis Group, part of Datatec, for €24m (£21m) in cash.
2e2 went into administration in January 2013. Hogan Lovells has been advising the company on all aspects of the administration, including the sale of the UK data centre business and, most recently, 2e2’s businesses in Spain, Ireland, the Netherlands and the Channel Islands.
Datatec will fund the deal with €14m in cash and a €10m share placement and will employ approximately 500 2e2 employees.
The Hogan Lovells team was led by London business restructuring and insolvency partner Deborah Gregory, assisted by of-counsel James Robinson and associates James Maltby and Viktor Braun, together with senior associate Maya Cronly-Dillon.