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Oakley Capital Corporate Finance Advises On Two Strategic Telecoms Deals Announced In One Day
March 26th, 2015
Fluidata Keycom - Oakley News
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Oakley Capital Corporate Finance (‘Oakley’), the independent, pan-European, corporate finance firm offering specialist advice across the TMT sector, has advised the shareholders of Keycom plc (“Keycom”), a leading provider of broadband services, on a recommended offer byUKB Networks (“UKBN”), valuing the entire issued and fully diluted share capital of Keycom at £13.3m. The offer was made by way of an Offer under the Takeover Code, with Oakley acting as Rule 3 advisor. UKBN is controlled by Hong Kong Telecom (“HKT”).

Keycom designs, installs and manages the network required to deliver high speed broadband and related services into high density (multiple occupancy) accommodation in the UK including universities and military bases. The business operates across attractive niche markets serving a large number of customers in higher education and key worker accommodation, military accommodation and the corporate sector. For the year to 30 September 2014, Keycom reported EBITDA of £0.72m and revenue of £6.86 million. The Offer has the support of 92.9% of Keycom’s shareholders.

Oakley has also acted as financial advisor to Fluidata Limited on the strategic investment by Rigby Group plc, the parent company for a portfolio of privately owned businesses includingSCC, Europe’s largest independent technology services provider. Fluidata is a multi-award-winning business that delivers innovative high speed data connectivity solutions to the corporate, industry and public sectors. The Data Delivery Network connects a large number of the UK’s data networks and specialises in Layer-2 and Layer-3 delivery using a wide reach of technologies including DSL, EFM, Fibre, VPLS/MPLS, Wireless and unique failover/aggregation technology.

Chris Godsmark, Joint Managing Partner at Oakley, commented: “announcing two strategic telecoms deals in one day demonstrates the momentum at Oakley as we expand our network. The sale of Keycom, an unquoted plc, was a complex process involving extensive discussion with the Takeover Panel alongside a successfully executed M&A process. Meanwhile through its investment in Fluidata, SCC has entered the data telecoms market, having witnessed 69% growth from Data Centre and Cloud services last year.”

Since its launch in late 2007, Oakley has completed around 60 transactions with a total enterprise value of more than £5 billion. For more information, in relation to Keycom please contact Chris Godsmark, James Chapman-Andrews, Director and Oksana Stowe, Assistant Director, and in relation to Fluidata please contact Chris Brooks, Managing Director and Marc Horn, Senior Associate.

020 7766 6900

*Completed as Oakley Capital Corporate Finance


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