Mandic Cloud Solutions has been acquired by Claranet

Mandic Cloud Solutions (Mandic), a portfolio company of Riverwood Capital and Oria Capital, has been sold to Claranet.

Mandic is Brazil’s leading managed IaaS provider, offering managed public cloud, cloud backup and storage, and cloud collaboration tools. The company strives for excellence in terms of service quality and customer support. Mandic’s core products include managed cloud servers, hosting and e-mail solutions.

Based in the UK, Claranet is a global technology service company focused on cloud services, cybersecurity, secure networks and modern workplace solutions. It was founded in 1996 and has over 10,000 business customers globally and 2,500 employees, mainly in Europe and South America.

Founded in 2008, Riverwood Capital is a private equity firm based in Menlo Park, California. The firm seeks to invest in high-growth, middle-market companies in technology, technology-enabled and other related industries. The firm prefers to invest in established businesses with proven technology and business model, and the proper fit in terms of culture and values, in both minority and control situations. It has additional offices in New York, USA, and Sao Paulo, Brazil.

One of Oaklins’ teams in Brazil acted as the exclusive financial advisor to Mandic Cloud Solutions.