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Daisy
Oakley advises Daisy on data and managed services deal
Completed Transactions - Daisy Logo
Sector:
Telecoms
Transaction Type:
Acquisition
Date:
April 2011
Deal Value:
£15.4m

Another telecommunications transaction, this time for Daisy Group Plc (“Daisy”), rounds off a busy start to 2011 for Oakley Capital Corporate Finance (“Oakley”), with 7 deals announced or completed this year. Oakley acted as financial advisor to Daisy on the acquisition of the trading assets of Telinet Ltd (“Telinet”) and certain trading assets of Ipitomi Ltd (“Ipitomi”) from Niu Solutions Holdings Ltd (“Niu Solutions”) for consideration of up to £15.4m.

Telinet and Ipitomi are leading providers of data and managed services to mid-market customers. The acquisition further bolsters Daisy’s data and engineering capabilities, with Avaya and Mitel trained engineers joining the Group’s UK wide engineering team. In the eight month period ending 31 August 2010, the unaudited management accounts of Niu Solutions included revenues and gross profits of £15.8m and £4.6m respectively in relation to the Telinet and Ipitomi assets being acquired.

Daniel Havercroft, Director of Oakley, said:

“We are delighted to have been able to assist Daisy with the acquisition of Telinet and Ipitomi. In addition to enhancing its data solutions offering, the acquisition also provides Daisy with the opportunity to cross-sell its broader product offering to the acquired customer base. So far this year Oakley has advised on deals covering sectors including datacentres, mobile telephony, media support solutions and software in TMT, alongside transactions in the insurance and the food sectors”

For further information please contact:
Daniel Havercroft, Managing Director
+44 207 766 6900

*Completed by Oakley Capital Corporate Finance

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