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CSI Group Limited
Oakley advises the shareholders of CSI Group on an investment by MML Capital Partners
csitrans
Sector:
Technology
Transaction Type:
Acquisition
Date:
August 2017
Deal Value:
Undisclosed

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.

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