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Southern Communications Limited
Oakley Advisory advises Southern Communications on Livingbridge investment
Transaction Type:
May 2016
Deal Value:

Oakley Advisory Limited (“Oakley”), the independent corporate finance firm offering expert specialist advice across the TMT sector, has advised Southern Communications Limited (“Southern Communications or the “Company”), on an investment by mid-market private equity business Livingbridge for an undisclosed amount.

The Oakley team was led by Chris Godsmark, Managing Partner, and James Chapman-Andrews, Director and assisted by Marc Horn, Senior Associate.

Southern Communications was established in 1965 and is a specialist in business-to-business telecoms solutions. The business provides a comprehensive suite of communications solutions on one platform and with one bill, including voice and data, cloud and managed services and unified communications.

Southern has a strong and consistent track record of organic growth, underpinned as more than 90% of revenues are recurring and the business is highly cash generative. Southern will also seek to acquire accretive bolt-on businesses and migrate customers onto its single platform.

At the heart of the business, and Livingbridge’s investment, is Southern’s exceptionally strong management team with a compelling combination of entrepreneurial and larger corporate experience.

“Southern Communications has an absolutely first class management team led by Paul Bradford, with a compelling strategy for growth in B2B telecoms solutions. We are delighted to have completed such a successful deal for all parties in a highly efficiernt and competitive Private Equity process that excluding regulatory approvals and the Christmas break was concluded in just over 10 weeks.”

Chris Godsmark

Managing Director, OAL
Oakley Advisory

Oakley Advisory Limited (“OAL”) 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.

Southern Communications is the latest in a series of high profile UK telecoms deals for Oakley in 2016, after advising KCOM on the sale of its core fibre network to Cityfibre Plc and advising Maintel plc on its acquisition of Azzurri. In addition, during 2015 we acted on 15 TMT transactions making Oakley Advisory one of the most active mid-market advisers by volume and value of deals.

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