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Oakley Advisory Limited (“Oakley”), the independant corporate finance firm offering specialist advice across the TMT sector, has advised iPortalis Limited (“iPortalis” or the “Company”) on a minority investment by NorthEdge Capital’s SME Fund.

iPortalis helps international enterprise customers aggregate their diverse software ecosystems so that all technology purchasing, deployment and licence & asset management functions can be handled by IT teams via a single pane of glass. The iPortalis Control Portal (iCP) enables IT teams to purchase, deploy and manage over 30 popular applications from Microsoft, Cisco, Citrix, Symantec, VMware, Acronis and other leading suppliers – and was recently named Most Innovative Enterprise Product at the UK Cloud Awards 2018.

iPortalis employs a team of cloud technology experts across its offices in the UK, Europe and USA, is vendor-agnostic and has a strong portfolio of global clients from multinational enterprises to many of the world’s largest hosted service providers and telcos.

NorthEdge Capital manages over £650m of private equity funds aimed at the North of England and Midlands regions targeting buy-out and development capital transactions. The private equity firm closed its maiden Fund at £225m in March 2013, Fund II at £315m in March 2016 and SME Fund I at £120m in July 2018.

NorthEdge’s investment supports the existing iPortalis management team led by founders Neil May, CEO, and Eric Hanig, CTO, and sees NorthEdge take a significant minority stake in the company. The transaction was signed on 3 August 2018 and will enable iPortalis to drive further expansion of its client base, continue to strengthen its market leading technology and triple headcount to 60 staff across the globe. John Hawkins, an experienced Chairman who has consistently driven growth in the technology sector, will join the business as Non-Executive Chairman.

This transaction continues Oakley’s success in advising software specialists in the ICT services space following the sale of DXI to 8×8 (contact centre software) and the MBO of Redstor backed by Beech Tree Private Equity (data management software). The Oakley team was led by James Chapman-Andrews, Managing Director, with support from Marc Jones, Director, and Harry Williams, Analyst.

James Chapman-Andrews, Managing Director at OAL, commented:

“As large legacy IT service providers to enterprises struggle with the efficient, flexible and transparent delivery of cloud services, both the market opportunity for delivery portals like iCP, and therefore the resulting growth potential, are vast. We are delighted to have helped Neil, Eric and the iPortalis team to raise the capital they need to deliver the next significant phase of growth in their exciting journey.”

Oakley Advisory Limited (“Oakley”), the independent corporate finance firm offering specialist advice across the global TMT sector, has advised the Damovo Group (“Damovo” or the “Company”) on its proposed sale to Eli Global LLC (“Eli Global”). The transaction is subject to certain regulatory approvals.

Damovo is a leading provider of unified communications (“UC”) services to large enterprises in Germany, Benelux and other European countries. The Company is the only European operator with the highest accreditations with the four major UC vendors, Cisco, Avaya, Mitel and Microsoft. Oakley Capital Private Equity and entrepreneur Matthew Riley acquired a majority stake in Damovo in January 2015. Over the last three years Damovo has been transformed into a recognised European specialist in delivering and managing critical unified communication and collaboration solutions for enterprise and public-sector organisations. Damovo has achieved strong growth by winning and delivering large, multi-year managed services contracts, and this has been supplemented by the integration of three strategic acquisitions.

Eli Global operates in 18 countries worldwide and makes long-term strategic investments in companies with high growth potential. Damovo significantly expands Eli Global’s technology portfolio, an important focus area alongside its more established sector strengths in healthcare, insurance and financial services.

Oakley acted as sole financial advisor to the Company. The Oakley team comprised Chris Godsmark, Managing Partner, Daniel Havercroft, Partner, Zishaan Arshad, Director, Oliver Temple, Associate and Marijn van Baar, Associate.

Daniel Havercroft, Partner at Oakley, commented:

“We are delighted to have worked with the Damovo team on this transaction. The Company is a clear leader in the implementation and management of unified communications solutions and is helping to transition the market to hosted (“as a service”) solutions, a segment of the market that is growing very strongly. We wish Damovo’s Management team and Eli Global continued success in the future.”

Oakley Advisory Limited (“Oakley”), the independent corporate finance firm offering specialist advice across the TMT sector, jointly advised Mayfair Equity Partners LLP (“Mayfair”) on its acquisition of GCI Managed Services Group Limited (“GCI” or the “Company”).

Mayfair is a buyout and growth capital investor, providing capital to businesses in the Consumer and TMT sectors. It focuses on building strong partnerships with exceptional management teams. Current investments include Ovo Energy, Yo! Sushi, Promise Gluten Free and Fox International.

GCI is one of the UK’s leading and fastest growing Managed IT Service providers to SMEs, corporates and public sector clients. It is the UK leader in Managed UC Solutions based on Skype for Business. GCI was founded 18 years ago and has around 500 employees, with seven offices across the UK.

The transaction was signed on 4 May 2018 and will enable GCI to continue to execute its acquisition strategy. The Oakley team comprised James Chapman-Andrews, Managing Director and Marc Horn, Director.

James Chapman-Andrews, Managing Director at OAL, commented:

“We have known both the Mayfair team and the GCI team for a number of years and we are delighted to have had a role and provided strategic advice on this transaction. With its expansive sector knowledge and experience, Mayfair is a fantastic partner for GCI and we wish them every success with this investment.”

Oakley Advisory Limited (“Oakley”), the independent corporate finance firm offering specialist advice across the TMT sector, has advised Inflexion Private Equity (“Inflexion” or the “Company”) on the simultaneous buyouts of Energy Helpline (“EHL”) and UK Web Media (“UKWM”), to create Comparison Technologies, a multi-channel price comparison enabler in home services.

Founded in 2002, EHL is a price comparison tool for the electricity and gas sectors. It operates in both the direct and affiliate channels via on and off-line customer conversion. UKWM is a marketing solutions and price comparison business that was founded in 2001 and operates a number of price comparison websites which help customers to compare and switch a range of home services focused on TV and telephony.

Price comparison is rapidly becoming an important component of the sizeable home services market. Consumer demand for comparison and switching in home services is growing as people have more choices, both from new and existing suppliers.

Inflexion is a UK mid-market private equity firm, investing in high growth, entrepreneurial businesses with ambitious management teams and working in partnership with them to accelerate growth. Inflexion’s flexible approach allows it to back both majority and minority investments, typically investing £10m to £150m of equity in each deal.

The Oakley team comprised Daniel Havercroft, Partner, Anthony Yaneza, Director and Harry Williams, Analyst.

Daniel Havercroft, Managing Director at Oakley, commented:

“We are delighted to have advised Inflexion on this transaction and believe that Comparison Technologies is perfectly positioned to help consumers of home services save money, while offering providers with a range of services to help them optimise their customer acquisition strategy. With Inflexion’s industry knowledge and experience, we believe that Comparison Technologies has a fantastic partner to grow and develop with.”

Oakley Advisory Limited (“Oakley”), the independent corporate finance firm offering specialist advice across the TMT sector, has advised Niu Solutions Holdings Limited (“Niu Solutions” or the “Company”) on its sale to Computer Systems Integration Group Limited (“CSI”) for an undisclosed sum.

Niu Solutions is a managed service provider focused on the finance and retail sectors. Headquartered in Bagshot and with approximately 80 employees, Niu Solutions’ services include cloud & hybrid services, desktop management, workforce mobility, voice & collaboration and security & compliance.

CSI, founded in 1983, is a managed application and security services provider offering cyber security, SAP implementation and infrastructure services. Following a buy and build strategy under Blackhawk Capital, MML Capital Partners acquired a majority stake in August 2017.

The transaction was completed on 23 February 2018 and will enable CSI to continue to execute on its strategic vision in being a leading ICT services provider. Oakley acted as sole financial advisor to the Company. The Oakley team comprised Chris Godsmark, Managing Partner, Christian Craggs, Managing Director, Zishaan Arshad, Director and Sarthak Sawlani, Analyst.

“We are looking forward to being part of the CSI group and continuing to grow Niu Solutions. The Oakley team demonstrated deep industry knowledge throughout the transaction and it has been a pleasure to work with them.”

Shaun Ledgerwood (CEO, Niu Solutions)

“We are delighted to have worked with Shaun and the Niu Solutions team on this transaction. We have every confidence the business will continue to flourish under the new management of CSI. The transaction highlights Oakley’s strong position in the IT Managed Services sector and track record of selling businesses to strategic buyers.”

Christian Craggs (Managing Director, OAL)

Oakley Advisory

Oakley is one of Europe’s leading independent corporate finance firms offering expert, specialist advice across a range of sectors including Telecoms, Technology, Online, Media, Datacentres and Hosting. We are unique in the mid-market in offering highly specialised sector insight and knowledge combined with our Equity Capital Markets capability, meaning we can provide the fullest possible suite of advice across both public and private markets.

This transaction marks the seventeenth deal we have announced or completed in the last twelve months, which includes advising Cimpress on the sale of Albumprinter to Gilde Buy Out Partners, GoDaddy on its sale of PlusServer to BC Partners, CityFibre on its acquisition of Entanet, The Unbelievable Machine Company on its sale to Basefarm and Gigaclear on its equity fundraising.