• New York
  • Berlin
  • London
MDNX Group
Oakley advises on MDNX Group's acquisition of Easynet
Completed Transactions - MDNX Logo
Sector:
Hosting & Datacentres
Transaction Type:
Acquisition
Date:
December 2013
Deal Value:
Undisclosed

Independent carrier integrator MDNX Group has acquired Easynet, a provider of managed networking, hosting and cloud integration services, from LDC. The deal has been backed by Equistone Partners Europe Limited (“Equistone”) who will hold a majority stake in the enlarged group withLDC re-investing to acquire a minority stake alongsideMDNX management. MDNX was previously backed by Kelso Place Asset Management. Oakley Capital Corporate Finance (“Oakley”) advised Equistone on the transaction.

MDNX Group is the UK’s largest independent carrier integrator, which delivers optimal managed networking and hosting solutions to the private and public sectors in the UK. Easynet is a global provider of managed networking, hosting and cloud integration services, with operations predominantly in the UK and Continental Europe. Both companies have attractive customer bases, which includes blue chip corporations, as well as strong public sector and indirect partner capabilities.

All countries within the Easynet Group will be part of the transaction, with the exception of the hosting and IT services operations of the German business, which will be retained by LDC. Mark Thompson, Chief Executive of MDNX Group will lead the new group as Chief Executive, and former Easynet Chief Executive, Greg Clarke, will take up the role of non-Executive Chairman of the new group. The merged operations of the two businesses will operate under the Easynet brand going forward.

Rob Myers, Managing Director of Equistone commented

“We have been impressed with what Mark Thompson and his high calibre team have achieved atMDNX and view the combination of MDNX and Easynet as a highly attractive investment opportunity. I would like to thank Oakley for their support on this transaction, in particular for their valuable insight into the two companies and the wider managed networks and hosting sector.”

The Oakley team advising Equistone was led by Chris Brooks, Director, Chris Godsmark, Managing Partner and Marc Horn, Associate.

Chris Brooks said

“This is a transformational transaction that combines two highly complementary businesses to create one of the largest independent players in the UK and Continental European managed networks and hosting market. It is a highly significant transaction for the sector and confirms the value creation opportunity from the consolidation of attractive assets. We were delighted to have worked with the Equistone team in their assessment of opportunities in this sector and to support them on this exciting transaction.”

Chris Godsmark, Managing Partner at Oakley said,

“This transaction endorses our position as a leading adviser in the managed networks and hosting space, coming shortly after advising on the disposal of Intechnology Managed Services to Redcentric plc. Both transactions were complex combinations of assets with strong industrial synergy. We look forward to further activity in this sector in 2014.”

For more information please contact:
Chris Brooks, Managing Director
+44 207 766 6900

*Completed by Oakley Capital Corporate Finance

Related Transactions