Springboard advises Metronet UK on the acquisition of Venus Business Communications


 

Springboard Corporate Finance is delighted to announce that it has advised Metronet UK on the acquisition of Venus Business Communications, a high growth fibre network provider based in London.

About the deal

metronet

Metronet , which is backed by mid-market private equity firm Livingbridge, is the UK’s fastest growing connectivity and internet infrastructure provider, delivering industry-leading performance and support.

The acquisition of Venus, which is Metronet’s second acquisition after completing the strategic purchase of M247 in October 2016, will enable the enlarged group to enhance its rate of penetration of the London market.  The combined group will now employ around 230 people across six sites and will support almost 34,000 customers across 92 countries.

How we made a difference

  • Negotiated Heads of Terms for the acquisition;
  • Projected managed the due diligence process on behalf of the investors and company
  • Successfully negotiated the completion mechanism and working capital price adjustment; and
  • Project managed the deal through to completion.

The Client on Springboard

“Having used Springboard on a previous process, we had no hesitation in appointing Springboard for the transaction.   As promised they delivered a professional, partner led service giving pragmatic yet commercial advice.  I would have no hesitation in recommending them.”

Lee Perkins – Metronet UK


WHAT OUR CLIENTS SAY

"We spoke to a number of advisors before deciding to engage with Springboard. We felt that they had the required experience to look after us properly and were able to give us the personal attention we needed. We are delighted that the results vindicated our choice and would not hesitate to recommend their services."
David ShepheardIndecs Computer Services
"Springboard provided us with outstanding support throughout the process of raising new investment. They showed great empathy with management and shareholders, yet were also tough enough on us all to drive us through the process. Their communication and negotiation style was outstanding."
Andy ReevesMuddy Boots Software
"We have enjoyed honest and professional advice throughout the transaction.  We are delighted with the results achieved and have no hesitations in recommending Springboard's services to others."
Darren Boyce Proximity Communications