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Oakley advises on MDNX managed networks and hosting acquisitions
Completed Transactions - MDNX Logo
Transaction Type:
October 2011
Deal Value:

Oakley Capital Corporate Finance (”Oakley”; the “Company”), the mid-market Corporate Finance and Corporate Broking specialist, announces that it has advised Solution1 Limited (“Solution 1”) on the acquisitions of two managed networks and hosting Services companies to createMDNX, a leading UK independent managed networks and hosting group. Oakley assisted Solution1 with the fundraising process for the acquisitions.

The deal sees three established players – Solution 1, Viatel’sUK business (VTL Limited), and Community Internet Group Ltd – combine to focus upon the provision of managed networks & hosting services for mission-critical IT infrastructures, to the mid-market, SME, and local government sectors under the MDNXbrand. The formation of MDNX, and the acquisitions of Solution1, VTLand CIG, creates a leading independent provider of managed networks and hosting services in the UK, offering fully managed, physical and cloud based network solutions and accessing customers both directly and via channel partners.

The transaction is the 22nd completed by Oakley since November 2007 and confirms our position as one of the most active mid-market corporate finance houses in its chosen industry sectors: telecommunications, technology, media and financial services. In September 2010, Oakley advised Host Europe Corporation Limited, one of the largest European SMEmanaged hosting providers, on its sale for £222m to Montagu Private Equity.

Chris Godsmark, Joint Managing Partner of Oakley, said,

“we are delighted to have assisted Solution 1, a company which we already knew well, in raising the funding required to complete a complex but highly synergistic set of transactions to createMDNX. We believe that the new group is well positioned to capitalise on the growing demand for converged managed networks and hosting solutions from enterprise, mid market and public sector customers.”

For further information please contact:

Oakley Capital Corporate Finance
Chris Godsmark, Partner
+44 207 766 6900

*Completed by Oakley Capital Corporate Finance

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