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Damovo Group
Oakley advises Damovo on its sale to Eli Global
Transaction Type:
July 2018
Deal Value:

Oakley Advisory Limited (“Oakley”), the independent corporate finance firm offering specialist advice across the global TMT sector, has advised the Damovo Group (“Damovo” or the “Company”) on its proposed sale to Eli Global LLC (“Eli Global”). The transaction is subject to certain regulatory approvals.

Damovo is a leading provider of unified communications (“UC”) services to large enterprises in Germany, Benelux and other European countries. The Company is the only European operator with the highest accreditations with the four major UC vendors, Cisco, Avaya, Mitel and Microsoft. Oakley Capital Private Equity and entrepreneur Matthew Riley acquired a majority stake in Damovo in January 2015. Over the last three years Damovo has been transformed into a recognised European specialist in delivering and managing critical unified communication and collaboration solutions for enterprise and public-sector organisations. Damovo has achieved strong growth by winning and delivering large, multi-year managed services contracts, and this has been supplemented by the integration of three strategic acquisitions.

Eli Global operates in 18 countries worldwide and makes long-term strategic investments in companies with high growth potential. Damovo significantly expands Eli Global’s technology portfolio, an important focus area alongside its more established sector strengths in healthcare, insurance and financial services.

Oakley acted as sole financial advisor to the Company. The Oakley team comprised Chris Godsmark, Managing Partner, Daniel Havercroft, Partner, Zishaan Arshad, Director, Oliver Temple, Associate and Marijn van Baar, Associate.

Daniel Havercroft, Partner at Oakley, commented:

“We are delighted to have worked with the Damovo team on this transaction. The Company is a clear leader in the implementation and management of unified communications solutions and is helping to transition the market to hosted (“as a service”) solutions, a segment of the market that is growing very strongly. We wish Damovo’s Management team and Eli Global continued success in the future.”

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