• New York
  • Berlin
  • London
Excell Group
Transaction Type:
November 2021
Deal Value:

Oakley Advisory Limited (“Oakley”), the independent corporate finance firm offering specialist advice across the TMT and Online sectors, has advised Excell on its sale to Wavenet.

Founded in 1992, Excell is a family-owned and award-winning communications solutions provider, with products and services including cloud and data, network, voice, security, business centre, audio visual, and support solutions. Providing services to more than 7,000 businesses, Excell has offices in Cambridge, London, the Midlands and the South East, and employs 180 people.

Wavenet is one of the UK’s leading managed service providers to businesses for fully converged data, voice, cloud, and IT services. With the support of financial sponsor Macquarie Capital, the acquisition of Excell is the largest in Wavenet’s history and takes Group revenues to more than £100m. The transaction also provides Wavenet with a stronger presence in the South of the UK and adds experience in growing service areas, including flexible workplaces and cloud.

Oakley acted as sole financial adviser to Excell.

The Oakley team comprised Ed Wirgman, Oliver Temple and Oliver Gill.

Ed Wirgman, Managing Director at Oakley, commented:

“After almost 30 years of building Excell into the organisation it is today, we are delighted to have advised Darren, Dean and their team on this transaction. Wavenet will be the ideal home for Excell during their next phase of growth.”

Darren Strowger, Founder and Chairman at Excell, commented:

“Given their reputation and track record, Oakley were the obvious choice to advise us on our sale process. Ed and the team worked tirelessly to find us the right deal with the perfect buyer in Wavenet. We’re excited to see the business continue to go from strength to strength under its new ownership.”

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