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Oakley Advisory Limited (“Oakley”), the independent corporate finance firm offering specialist advice across the TMT sector, has advised the Comapi group of companies (“Comapi” or the “Company”) on its sale to dotDigital Group Plc (“dotDigital”) for cash consideration of £11 million.

Comapi is a fast-growing business focused on the omni-channel messaging and cloud communication market. Headquartered in Cheltenham with approximately 30 employees, Comapi has built a scalable software platform that allows businesses to communicate with their customers across multiple conversational messaging channels including the growing market for live chat.

The transaction was completed on 21 November 2017 and will enable dotDigital to execute on its strategic vision to become an omni-channel marketing automation platform. The deal marks a successful exit for Comapi’s previous funders, Technology Venture Partners LLP and a selection of Angels.

“It has been a pleasure working with the team at Oakley. Their experience in, and comprehensive knowledge of, the market made them the obvious Corporate Finance partner for this successful sale process.”

Martin Hall (Chairman, Comapi)

“We are looking forward to being part of the dotDigital team and continuing to rapidly grow the fantastic business we have built. I would like to thank Oakley for the team’s excellent support throughout the transaction.”

Paul Putman (CEO, Comapi)

Oakley acted as sole financial advisor to the Company. The Oakley team comprised Christian Craggs, Managing Director, Zishaan Arshad, Assistant Director and Alexandre Beaudet, Analyst.

“We are delighted to have worked with Martin, Paul and the Comapi team on this transaction. Having advised Esendex on its sale earlier this year, we are pleased to have completed our second transaction in the cloud communication and messaging market within the space of six months. The transaction highlights Oakley’s strong position in the technology sector and track record of selling businesses to strategic buyers.”

Christian Craggs (Managing Director, OAL)

Oakley Advisory Limited (“Oakley”), the independent corporate finance firm offering specialist advice across the TMT sector, has advised Redstor Holdings Limited (“Redstor” or the “Company”) on an investment by Beech Tree Private Equity.

Redstor, which was founded by Paul Evans and Tony Ruane in 1998, is a leading provider of cloud data management software and services. Headquartered in Reading, with operations in South Africa, it is best known for its cloud backup and recovery services. Redstor has also expanded its offering to incorporate cloud archiving and disaster recovery with plans to release data insight functionality soon to address compliance challenges such as the GDPR.

Beech Tree Private Equity is a private equity firm providing capital and expertise to fast growing businesses across the UK. Beech Tree Private Equity invest £10-£40 million into high growth companies typically valued at between £10 and £75 million. The business was founded by two experienced private equity investors, Andy Marsh and Paul Franks, who have over 25 years’ experience in private equity targeting high growth sub-sectors.

Oakley acted as sole financial advisor to the Company. The Oakley team comprised James Chapman-Andrews, Managing Director, Marc Jones, Assistant Director and Ollie Temple, Analyst.

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

“We have had a longstanding relationship with Paul, Tony and the wider Redstor management team, and are consequently delighted to have advised them on this transaction. We believe Beech Tree will prove a fantastic partner for Redstor, and its backing will help accelerate Redstor’s product capability and growth through acquisition.”

Oakley Advisory Limited (“Oakley”), the independent corporate finance firm offering specialist advice across the TMT sector, has advised GoDaddy Inc. (“GoDaddy”) on the  proposed sale of its PlusServer business to funds advised by BC Partners, for an enterprise value of €397 million. Subject to regulatory approval, the deal is expected to close by the end of August.

PlusServer is headquartered in Cologne, Germany and is a leading Managed Hosting provider in Germany. Based on a comprehensive product portfolio, which is optimised for the needs of SMEs and large companies, PlusServer develops individual hosting and cloud solutions.

The sale is in line with GoDaddy’s stated intent to explore strategic alternatives for the PlusServer business, which it acquired as part of the Host Europe Group (HEG) acquisition. The Oakley team comprised Chris Godsmark, Managing Partner, Daniel Havercroft, Partner, Anthony Yaneza, Director, Marc Jones, Assistant Director and Marijn van Baar, Associate.

The deal is the 100th transaction since Oakley Advisory and its predecessor was founded in late 2007. The PlusServer sale demonstrates Oakley’s knowledge and extensive network in the hosting and IT managed services sectors and its track record of significantly sized mid-market deals in Germany.

Chris Godsmark said: 

“This has been a busy last few months for Oakley, with 13 deals either completed or signed in 2017 alone and 20 deals completed or signed in the past 12 months. We remain as committed as ever to providing high quality service to our clients, including corporates and PE funds and in sale and buy-side processes.”

Commenting on the PlusServer process, David Popowitz, Senior Vice President of Corporate Development at GoDaddy, said:

“Throughout this process, the Oakley team demonstrated deep industry knowledge and relationships, and managed a fast-paced and competitive auction process that produced an outstanding result for GoDaddy. The entire team was a pleasure to work with and we look forward to working with them again on future assignments.”

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.

Oakley Advisory Limited (“Oakley”), the independent corporate finance firm offering specialist advice across the TMT sector, has advised the shareholders of CSI Group Limited (“CSI Group”) on an investment by MML Capital Partners (“MML”) of an undisclosed sum.

CSI provides mission critical Managed Services to mid to large sized corporates with complex IT requirements, delivering solutions which combine deep expertise across Infrastructure, Applications and Cyber Security. This enables it to manage, improve and secure core IT systems that sit at the heart of client’s operations.  The business benefits from an attractive client base that generates strong quality of earnings from multi-year contracts and high cash conversion.

MML Capital Partners is a leading pan-European and transatlantic independent investment firm with over $2.5 billion invested across 12 countries during the last 28 years.

MML is investing alongside IT Industry veterans Alan Watkins and Kevin Lewis who, through their investment vehicle Blackhawk Capital, acquired CSI in 2012. Over the last five years they have grown CSI through a combination of acquisitions and significant organic growth. The business has strong visibility over its FY17B of £48m revenue and £9m EBITDA. CSI has developed and acquired highly technical skillsets across a wide variety of technologies, in particular with market leading expertise in SAP and IBM.

The Oakley team comprised James Chapman-Andrews, Managing Director, Marc Horn, Assistant Director and Ollie Temple, Analyst.

Alan Watkins, Executive Chairman of CSI, commented:

“Oakley played an instrumental role in this transaction – from initially recognising the fit between MML’s strategy and CSI’s current position, through to the nurturing and execution of the deal. James and the team worked tirelessly throughout, bringing their deep technical and sector expertise to bear and we would like to thank them for all their hard work.”

James Chapman-Andrews at Oakley commented:

“It was a delight to work with both the CSI and MML teams in such a collaborative transaction. MML has invested in a highly dedicated team in Alan and Kevin and we look forward to seeing their partnership continuing to build and strengthen over time. This transaction clearly demonstrates Oakley’s leading expertise in mid-market ICT managed services transactions.”

 

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. We have closed over 100 transactions in the past 10 years with a total deal value of c. £18bn.

This transaction marks the twenty-second deal Oakley has announced or completed in the last twelve months, of which 13 were sale processes and 11 involved directly working with European mid-market Private Equity players. Transactions announced or completed just in July 2017 include advising Cimpress on its sale of Albumprinter to Gilde Buy Out Partners, ECI on its minority investment in Media iQ, GoDaddy on its proposed sale of PlusServer to BC Partners, CityFibre on its proposed acquisition of Entanet, and advising GCI on its acquisition of Blue Chip.

Oakley Advisory Limited (“Oakley”), the independent corporate finance firm offering specialist advice across the TMT sector, has advised Cimpress N.V. (“Cimpress”) on the proposed sale of Albumprinter Holding B.V. (“Albumprinter” or the “Company”) to Gilde Buy Out Partners (“Gilde”).  Subject to regulatory approval, the deal is expected to close by the end of August.

Founded in 2004 in the Netherlands, Albumprinter is headquartered in Amsterdam and provides premium quality photo products such as photo books, wall décor and prints to online consumers in the Benelux, Sweden, Norway, UK, France and Germany. The Company trades under the brand names albelli, Bonusprint, Fotoknudsen and Onskefoto, all of which leverage Albumprinter’s centralised production facility in The Hague and its award-winning photo editor software.

The sale demonstrates Oakley’s in-depth knowledge of online-focused business models and is the third Continental European sell-side mandate completed in 2017. The Oakley team comprised Christian Maher, Managing Partner, Daniel Havercroft, Partner, Simon Porter, Associate, and Alexandre Beaudet, Analyst.

Daniel Havercroft, Partner of OAL commented:

“We are delighted to have worked with Cimpress and the Albumprinter management team on this transaction. With the support of Gilde, we believe that Albumprinter can continue its successful growth track record, delivering its high quality products to a growing customer base across Europe.”

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.We have closed over 100 transactions in the past 10 years with a total deal value of c. £18bn.
This transaction marks the twenty-first deal we have announced or completed in the last twelve months, which includes advising ECI on its minority investment in Media iQ, GoDaddy on its proposed sale of PlusServer to BC Partners, CityFibre on its proposed acquistion of Entanet, GCI on its acquisition of Blue Chip, Esendex on its sale to HgCapital, Zegona on its sale of Telecable to Euskatel, Gigaclear on its equity fundraising, Lyceum on its acquisition of Timico, Just Eat on its acquisition of SkipTheDishes and Daisy on its takeover of Alternative Networks.