Presidio, Inc. entered into a definitive agreement to acquire Arkphire Ireland Limited from Bm Investment S.A R.L., Iiai Limited, Bregal Milestone and the management shareholders for €120 million on November 19, 2020. The change in ownership at Arkphire will have no immediate impact on day-to-day business operations. The senior management, including its co-founder and chief executive Paschal Naylor, will remain in their roles. The transaction is subject to customary conditions, including required regulatory approvals. As of December 15, 2020, the deal has been cleared by the Competition and Consumer Protection Commission. The transaction is expected to close in the first quarter of 2021. Tom Bartram, Alan Walker, Matthew Sinclair-Thomson, Joanna Thomson and Dvir Oren of Kirkland & Ellis LLP acted as legal advisors to Presidio, Inc. in the transaction. William Blair & Company, L.L.C. acted as financial advisor to Arkphire Ireland Limited. Brian McCloskey of Matheson Ormsby Prentice and Philip Taylor, Sam Webster, and Caspar Fox of Reed Smith acted as legal advisors to Bregal Milestone. Presidio, Inc. completed the acquisition of Arkphire Ireland Limited from Bm Investment S.A R.L., Iiai Limited, Bregal Milestone and the management shareholders on January 5, 2021. EY Ireland acted as due diligence provider to Arkphire Ireland in the transaction.