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Onecom Group
Oakley advises Onecom on an investment by LDC
Transaction Type:
July 2019
Deal Value:

Oakley Advisory Limited (“Oakley”), the independent corporate finance firm offering specialist advice across the TMT sector, advised Onecom Group Limited (www.onecom.co.uk) on an investment by LDC (www.ldc.co.uk), the UK private mid-market equity firm.

Onecom is one of the UK’s largest independent business telecommunications providers. The company currently manages nearly 100,000 business customers, delivering communication services and unified solutions across mobile, fixed line voice, connectivity and cloud computing to some of the UK’s most dynamic companies.

Onecom has doubled its revenues over the last five years. It employs 400 people across 10 regional offices and its partners include Samsung, Apple, Gamma, Mitel and Virtual1. It is also a major partner of Vodafone, and last month they announced a five-year deal together that will be worth up to £600 million in revenue.

Darren Ridge, who founded Onecom in 2002, stated, “It’s great to get LDC’s backing and support for our vision. Under Ben Dowd and the management team’s leadership, we will see the business grow substantially over the next five years.”

The investment was led by LDC Head of London Yann Souillard, who will take a place on the board as Non-Executive Director.

Oakley acted as sole financial advisor to Onecom. The Oakley team comprised Chris Godsmark, Managing Partner, Christian Craggs, Managing Director, and Harry Williams, Associate.

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