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Oakley advises Commsworld on LDC investment
Transaction Type:
December 2019
Deal Value:

Oakley Advisory Limited (“Oakley”), the independent corporate finance firm offering sector specialist advice across the TMT sector, is delighted to have advised Commsworld, on its investment by Lloyds Development Capital (“LDC”), the UK mid-market private equity investor.

Edinburgh-headquartered Commsworld is a leading telecommunications and ISP provider, offering connectivity, cloud, security, unified comms, and IT infrastructure services to the public and private sectors. Key client relationships include Taylor Wimpey, Skyscanner and Edinburgh Airport.

The business has developed its own carrier-grade network over the last few years with UK and international reach. For the financial year that ended December 2018, Commsworld recorded revenues of £20m, a 41% increase on the previous 12 months. The investment from LDC will help the existing management team to build on the success of the business in recent years and bring its super-fast and resilient connectivity to more organisations across Scotland and the UK.

Oakley acted as sole financial advisor to Commsworld. The Oakley team comprised Chris Godsmark, Managing Partner, Phoebe Orr, Assistant Director, and Harry Williams, Associate.

Chris Godsmark, Oakley Managing Partner, commented:

“The Commsworld transaction underlines our leading corporate finance capability in data networks, unified communications and cloud. It has been an absolute pleasure to work with Commsworld and its management team. The business has huge potential for future growth with LDC on board, as the market continues its migration to next generation, cloud-based, solutions in the public and corporate sectors.”

Ricky Nicol, Commsworld Chief Executive Officer:    

I would like to take this opportunity to thank Chris Godsmark and his team at Oakley Advisory for their unwavering support and professionalism in our recent transaction with LDC. Their dedication, relentless work and attention to detail has been invaluable to myself and our board.”

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