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Oakley Advisory Limited (“Oakley”), the independent corporate finance firm offering specialise advice across the TMT sector, has advised the private equity firm Mayfair Equity Partners (“Mayfair”) on the acquisition of shares in Ultrahaptics, the world leader in mid-air haptics technology.

Founded in 2013 and based on technology developed at the University of Bristol, Ultrahaptics’ core technology uses proprietary algorithms and supporting hardware to project ultrasound-driven tactile sensations in mid-air. Users can ‘feel’ and interact with virtual objects and controls, using freehand gestures to interface with technology and content in mid-air.

Chris Godsmark, Oakley Managing Partner, commented:

We are delighted to have worked with the Mayfair team on the increase in its shareholding in Ultrahaptics, the hugely exciting mid-air haptics company. This is another example of our ever expanding network of relationships with leading private equity firms.

Oakley Advisory Limited (“Oakley”), the independent corporate finance firm offering specialist advice across the TMT sector, has advised security services provider Adarma, previously ECS Security, on its management buyout with capital from Livingbridge.

Led by David Calder and Nathan Dornbrook and with over 250 staff and experience spanning over two decades, Adarma provides a broad range of IT security consulting, solution and services with deep expertise in threat management including Security Operations Centre (SOC) design, build and operation. Adarma helps large enterprises to establish operational security capabilities including in-house, co-managed and fully managed SOC environments. The company’s expertise also helps clients to extend existing SOC capabilities to respond to evolving threats and establish a high-value proactive approach to hunting and effectively defending against attackers through addressing control gaps.

Oakley acted as sole financial advisor to Adarma. The Oakley team comprised Chris Godsmark, Joint Managing Partner, Anthony Yaneza, Director and Harry Williams, Associate.

Oakley Advisory Limited (“Oakley”), the independent corporate finance firm offering specialist advice across the TMT sector, is pleased to have advised Manx Telecom plc (“Manx”) on its recommended cash acquisition by Basalt Infrastructure Partners (“Basalt”). Oakley acted as Rule 3 and lead financial advisor to Manx on the transaction.

Manx is the leading Isle of Man-based communications solutions provider, providing a wide range of fixed line, broadband, mobile and data centre services to retail, business and public sector customers on the island, as well as a growing portfolio of innovative hosting and “Smart SIM” solutions to global customers.

Manx is the only operator of a Fixed Line network in the Isle of Man and is currently investing in state of the art 1 Gbps Fibre-to-the-Premise (“FTTP”) broadband for both its consumer and business customer base. Manx is strengthening its core market position whilst exploring new market opportunities on and off-island, leveraging its telecommunications expertise and mobile technology platform.

Basalt anticipates supporting Manx through its next phase of capital investment, which includes funding FTTP, Manx’s commitment to Vannin Ventures and the future requirement of a 5G network roll out.

The Oakley team was led by Chris Godsmark and Marc Jones and included Phoebe Orr, Max Gilbert and Sarthak Sawlani.

Manx CEO Gary Lamb said:

“The Oakley team have been a pleasure to work with, not only on this transaction but since our IPO. They have supported us throughout the journey as a public listed company, providing knowledgeable advice and being committed throughout. I would like to thank the Oakley team for all their efforts.”

Chris Godsmark, joint Managing Partner at Oakley, commented:

“Manx has been a long-term client for Oakley and we have been delighted to have worked with Board and the management team since the IPO on AIM in January 2014. This acquisition provides a successful result for shareholders and allows the business to focus on long term strategic investments. The transaction again demonstrates our capability and expertise involving listed companies and also in telecoms infrastructure. We acted as lead financial advisor providing Rule 3 advice on the financial terms of the offer, and guidance on the application of the Takeover Code.”

Oakley Advisory Limited (“Oakley”), the independent corporate finance firm offering specialist advice across the TMT sector, advised G3 Comms (www.g3comms.com) on an investment by Apiary Capital (www.apiarycapital.com), a UK private equity firm which closed its maiden fund at £200m in June 2018.

G3 provides communication and connectivity solutions to medium-sized, multi-site UK enterprises, often with international operations. The company provides a broad range of telephony services from traditional systems through to newer cloud-based unified communication technology. In addition, the business benefits from a global data network powered by a proprietary aggregation and routing platform which underpins the telephony services as well as complimentary connectivity products.

Oakley acted as sole financial advisor to G3 Comms. The Oakley team comprised Christian Maher, Managing Partner, James Chapman-Andrews, Managing Director, Marc Horn, Director and Sarthak Sawlani, Associate.

Oakley Advisory Limited (“Oakley”), the independent corporate finance firm offering specialist advice across the TMT sector, is delighted to have advised Tax Systems plc (“Tax Systems”) on its recommended acquisition by Bowmark Capital, which completed today. Oakley acted as Rule 3 and lead financial advisor to Tax Systems.

Tax Systems is a leading provider of corporation tax software and services in the UK and Ireland. Its portfolio of solutions automates the end-to-end tax compliance process, enabling the company’s clients to increase the accuracy of their tax reporting, reduce the risk of non-compliance and free up the tax function to focus on value-adding tasks. Clients include a large proportion of the FTSE 250 and 23 out of the top 25 accounting firms. The acquisition values Tax Systems at approximately £114m.

The Oakley team was led by Chris Godsmark, Managing Partner and Marc Jones, Director. They were supported by Max Gilbert, Associate, Sarthak Sawlani, Associate, and Guillaume de Kerhor, Analyst.

Tax Systems’ CEO Gavin Lyons said:

“It has been an absolute pleasure working with the Oakley team to execute this public to private management buy-out backed by Bowmark. Marc and his team proved to be supportive, knowledgeable and committed.”

Marc Jones, Director at Oakley, commented:

“We are extremely pleased to have advised the board of Tax Systems on the recommended acquisition by Bowmark. Our engagement, which included providing Rule 3 advice on the financial terms of the offer, is a further demonstration of our capability in deals involving listed companies. We are seeing a growing interest in public to private transactions across all sectors, including our core TMT franchise.”