Ridgewall
Home Contact Us Home-version 2 Service page About Us Office Location Post template Home Contact Us Home-version 2 Service page About Us Office Location Post template Aquisition Acquisition, Telecoms 2020 Evolution Capital is delighted to announce its strategic review and three-year M&A, funding and advisory programme of London-based MSP Ridgewall has resulted in an investment in the business by leading private equity firm Inflexion. The private equity investment is being made by Inflexion Enterprise Fund V, Inflexion’s dedicated lower mid‐market fund. The firm has also backed Ridgewall’s simultaneous acquisition of QDOS, a specialist provider of managed IT and communications to the hospitality industry, including leading international hotel brands. Evolution Capital was commissioned in May 2017 to deliver a strategic review of Ridgewall in a bid to advise shareholders on which direction to take the business. The Evolution Capital advisory team explored various different strategic options including a sale, organic growth and a combination of acquisitions, funding and organic growth. This detailed review also included providing current and prospective valuations. Shareholders had a target valuation in mind, however the review indicated the business was short of that target. Evolution Capital therefore set out a range of plans and options to advise and help shareholders achieve their goal over an appropriate time period. The plan involved strategic M&A, funding and organic growth in value, including an increased focus on recurring revenue contracts as opposed to one-off and multi-service offerings.Acquisitions had to fit the right profile and enhance value, ideally with synergies as well. Ridgewall agreed with the plan and Evolution Capital set about advising on implementation. Acquisitions were made in 2018 (Connecting London, Telnet International) and 2019 (Nomis Connections), before the fourth acquisition (QDOS) at the same time as the partial sale to Inflexion last month. Ridgewall’s chief executive Dominic McAnaspie said: “Evolution Capital worked with us for two-and-a-half years and demonstrably enhanced value. The team’s thoroughness and attention to detail, their knowledge of the market and can-do attitude was exactly what we needed. The plan they put in place, with its focus on developing long-term customer relationships, enabled us to achieve our target valuation goal. Without Evolution Capital the deal with Inflexion would never have happened.” Evolution Capital advised on the four acquisitions, including introducing and advising on debt funding from Clydesdale Bank, as well as the investment by Inflexion.Ridgewall was established in 2011 and provides business critical services in IT, communication and cyber security to SMEs. QDOS-sbl is Ridgewall’s fourth acquisition in the last twelve months and enhances the company’s technical capability and international footprint as well as diversifying the client base. The combined group now employs over 100 people, servicing around 1,800 customers. Duncan Gregory, transaction services director at Evolution Capital, said: “We’re delighted to have advised Ridgewall throughout such an exciting time in the company’s journey. We believe the combined group is now well placed to grow capital for investors in an exciting sector through a buy-and-build strategy. We have seen for some time that the sector is somewhat fragmented, creating genuine opportunities for such a strategy.” More than 2 results are available in the PRO version (This notice is only visible to admin users) Latest Posts Acquisition Ridgewall Business Sale Pescado Acquired Datrix Categories Acquired Acquisition Analytic Services Business Acquisition Business Aquired Business Sale Business Valuation and Research Buy-Side Buy-side M&A advice Buyside M&A Case Studies Disposal Financial Due Diligence Fund raising and listing Fundraising and M&A advice ICT IT IT Managed Services IT MSP M&A Managed Buy and Build Programme Managed Services MBO Management Buyout Media Merger Multiple R&D Tax Claims Sell-Side Sell-side M&A Advice Software Strategic review & business sale Strategic Review & partial sale Technology Telecoms Telephony Unified Comms Valuation and fundraising Social Media Our Blog Related Case Studies View all Acquisition, Case Studies, Telecoms Ridgewall December 2, 2025 Business Sale, Case Studies, ICT Pescado December 2, 2025 Acquired, Case Studies Datrix December 2, 2025 Buy-side M&A advice, Case Studies Arrow December 2, 2025 Case Studies, Fundraising and M&A advice, Telephony Business Mobiles December 2, 2025 Request a Confidential Consultation Discover Your Business Value Start with a strategic assessment to understand your maximum potential valuation in the current market. Contact us now Company About Us Blogs Our Location Careers Our Services About Us Sell Side Buy Side Data Work Resources Faq Client Dashboard Support Our Location Contact Us (020) 3696 2810 Info@evolutioncapital.com 68 King William Street, London, EC4N 7HR The Granary, Oak Lane, Chichester, PO20 7FD Subscribe Subscribe to our newsletter
XLN
Home Contact Us Home-version 2 Service page About Us Office Location Post template Home Contact Us Home-version 2 Service page About Us Office Location Post template Aquisition Acquisition, Telecoms 2009 Acquired Acquisition Analytic Services Business Acquisition Business Aquired Business Sale Business Valuation and Research Buy-Side Buyside M&A Case Studies Disposal Financial Due Diligence Fund raising and listing Fundraising and M&A advice ICT IT IT Managed Services IT MSP M&A Managed Buy and Build Programme Managed Services MBO Management Buyout Media Merger Multiple R&D Tax Claims Sell-Side Sell-side M&A Advice Software Strategic Review & partial sale Technology Telecoms Valuation and fundraising Background XLN Telecom is a provider of utility services to small businesses in the UK, targeting businesses with one or two connections typically. Christian Nelleman, founder and CEO of XLN Telecom established the business in 2002, alongside building an award-winning management team, to improve the telecoms services available to the SME market. Following an investment of £6m from Zeus in 2008, as part of a management buyout in January, Zeus invested a further £2 million to support XLN’s acquisition of One Bill Telecom in 2009, which boosted its customer numbers by around 25,000. Evolution Capital worked alongside the shareholders of the XLN Telecom to offer strategic advice surrounding the acquisition of the telecoms provider One Bill. The Challenge Through a bespoke value enhancing programme, combined with our unique understanding of the sector, derived from decades of experience and the tireless work undertaken by our analysts, Evolution Capital worked closely with Christian Nelleman, the shareholders of XLN, to ensure the optimal outcome whilst delivering verified prospects to the acquisition criteria, with focus on synergy with acquisitions. Advice, Planning and Preparation The transaction team at Evolution Capital provided face to face meetings with the shareholders of XLN, to establish: • A comprehensive review to fully understand the business and its intrinsic value • Guidance on effectively removing any potential transaction issues • A foundation for a formal acquisition process and the target market landscape. • An M&A strategy and plan. • Maximising the value through business integration Maximising the value through business acquisition As a result of the acquisition of One Bill, XLN now has more than 110,000 SME customers, having successfully integrated One Bill’s 25,000 customers within a three-month period, and turnover doubled to £54 million in two years. Profit stood at £13 million, up 800 per cent, in 2009/10. The firm now employs 180 staff at its head office and recorded a turnover of £54 million in the year to March 2010, revenues having grown substantially from £27 million in 2007. The Evolution Capital team are delighted to have advised the shareholders of XLN through the successful acquisition of One Bill, set to seethe business double it’s turnover and customer base in a matter of months. Christian Nellemann, founder and Group CEO of XLN,commented: “By taking a completely fresh approach, we have been able to transform a niche and historically overlooked sector of the market. We have been able to achieve this by combining best quality products with best value pricing and industry leading customer service standards. As a result, we now have a highly profitable and scalable business that will allow us to rapidly expand the range of services we deliver to the small business market. We are delighted that ECI will be a key part of the business’s exciting next chapter given the opportunities for consolidation within our sector.” More than 2 results are available in the PRO version (This notice is only visible to admin users) Latest Posts Acquisition XLN Business Sale ACR Business Aquired Shift7 Categories Acquired Acquisition Analytic Services Business Acquisition Business Aquired Business Sale Business Valuation and Research Buy-Side Buyside M&A Case Studies Disposal Financial Due Diligence Fund raising and listing Fundraising and M&A advice ICT IT IT Managed Services IT MSP M&A Managed Buy and Build Programme Managed Services MBO Management Buyout Media Merger Multiple R&D Tax Claims Sell-Side Sell-side M&A Advice Software Strategic Review & partial sale Technology Telecoms Valuation and fundraising Social Media Our Blog Related Case Studies View all Acquisition, Case Studies, Telecoms XLN December 2, 2025 Business Sale, Case Studies, ICT ACR December 2, 2025 Business Aquired, Case Studies, Telecoms Shift7 December 2, 2025 Acquisition, Case Studies, Managed Services Callagenix December 2, 2025 Acquisition, Case Studies, Managed Services Callagenix December 2, 2025 Request a Confidential Consultation Discover Your Business Value Start with a strategic assessment to understand your maximum potential valuation in the current market. Contact us now Company About Us Blogs Our Location Careers Our Services About Us Sell Side Buy Side Data Work Resources Faq Client Dashboard Support Our Location Contact Us (020) 3696 2810 Info@evolutioncapital.com 68 King William Street, London, EC4N 7HR The Granary, Oak Lane, Chichester, PO20 7FD Subscribe Subscribe to our newsletter
Pipex
Home Contact Us Home-version 2 Service page About Us Office Location Post template Home Contact Us Home-version 2 Service page About Us Office Location Post template Serial Acquisitions Serial Acquisitions, Telecoms 2003 Acquired Acquisition Analytic Services Business Acquisition Business Aquired Business Sale Business Valuation and Research Buy-Side Buyside M&A Case Studies Disposal Financial Due Diligence Fund raising and listing Fundraising and M&A advice IT IT Managed Services IT MSP M&A Managed Buy and Build Programme Managed Services MBO Management Buyout Media Merger Multiple R&D Tax Claims Sell-Side Sell-side M&A Advice Software Technology Telecoms Valuation and fundraising Our Blog Related Case Studies View all Acquisition, Case Studies, Telecoms Pipex December 2, 2025 Buyside M&A, Case Studies, Telecoms BDR December 2, 2025 Acquired, Case Studies, Telecoms Pace Telecom December 2, 2025 Acquisition, Case Studies, Managed Services Callagenix December 2, 2025 Acquisition, Case Studies, Managed Services Callagenix December 2, 2025 Request a Confidential Consultation Discover Your Business Value Start with a strategic assessment to understand your maximum potential valuation in the current market. Contact us now Company About Us Blogs Our Location Careers Our Services About Us Sell Side Buy Side Data Work Resources Faq Client Dashboard Support Our Location Contact Us (020) 3696 2810 Info@evolutioncapital.com 68 King William Street, London, EC4N 7HR The Granary, Oak Lane, Chichester, PO20 7FD Subscribe Subscribe to our newsletter
Callagenix
Home Contact Us Home-version 2 Service page About Us Office Location Post template Home Contact Us Home-version 2 Service page About Us Office Location Post template Aquisition Acquisition, Managed Services 2005 Acquisition Analytic Services Business Acquisition Business Aquired Business Sale Business Valuation and Research Buy-Side Buyside M&A Case Studies Disposal Financial Due Diligence Fundraising and M&A advice IT IT Managed Services IT MSP M&A Managed Buy and Build Programme Managed Services MBO Management Buyout Media Merger Multiple R&D Tax Claims Sell-Side Sell-side M&A Advice Technology Telecoms The background Evolution Capital acquired a business customer base on behalf of the shareholders of Callagenix. Our team delivered outstanding outcomes to the shareholders of Callagenix, by advising the team through the acquisition process. Callagenix has decades of expertise in providing business phone systems, business phone numbers and VoIP/SIP solutions, which reduce your phone-line costs and give your business the cutting-edge. Everything from simple UK and international phone numbers to sophisticated, robust and scalable business continuity and telephony solutions. From phone numbers covering the entire UK to a specific local area. Callagenix has a comprehensive range – all expertly hosted by us and giving you complete control over where they route and how they work. Use our wide range of international numbers in more than 100 countries to establish an overseas presence without the cost of being there.Choose from toll-free, local, national or cost-per-call solutions. The challenge On a mission to value growth, the shareholders of Callagenix selected Evolution Capital as the chosen advisor, whereby the team sourced opportunities against the qualification criteria set by the client. Advice, planning and preparation “We were the very first sponsor of Evolution Capitals Maximum Exit programme and found it a great way of uncovering acquisition targets.” Mark Jenkins In a series of face-to-face meetings, Nigel Cook and the transaction team at Evolution worked to find synergistic opportunities, both on and off-market. These opportunities were presented to the shareholders and management team of Callagenix. The Evolution Capital team then, upon instruction from the client, prepared and delivered the offer, provided relationship management and specialist advice to completion. A successful outcome Through a bespoke methodology of robust preparation,dedicated research, deep market intelligence and a unique collaboration of skills, from chartered accountants to dealmakers and transaction experts, the Evolution Capital team is delighted to have achieved such outstanding outcomes for the shareholders and management team of Callagenix. More than 2 results are available in the PRO version (This notice is only visible to admin users) Latest Posts Acquisition Callagenix Case Studies Z1 Telecoms Case Studies Lanway Categories Acquisition Analytic Services Business Acquisition Business Aquired Business Sale Business Valuation and Research Buy-Side Buyside M&A Case Studies Disposal Financial Due Diligence Fundraising and M&A advice IT IT Managed Services IT MSP M&A Managed Buy and Build Programme Managed Services MBO Management Buyout Media Merger Multiple R&D Tax Claims Sell-Side Sell-side M&A Advice Technology Telecoms Social Media Our Blog Related Case Studies View all Acquisition, Case Studies, Managed Services Callagenix December 2, 2025 Case Studies, Disposal, MBO Management Buyout, Telecoms Z1 Telecoms December 2, 2025 Case Studies, Disposal, IT Lanway December 2, 2025 Business Sale, Case Studies, Telecoms Pipemedia December 2, 2025 Acquisition, Case Studies, Telecoms Comms Group December 2, 2025 Request a Confidential Consultation Discover Your Business Value Start with a strategic assessment to understand your maximum potential valuation in the current market. Contact us now Company About Us Blogs Our Location Careers Our Services About Us Sell Side Buy Side Data Work Resources Faq Client Dashboard Support Our Location Contact Us (020) 3696 2810 Info@evolutioncapital.com 68 King William Street, London, EC4N 7HR The Granary, Oak Lane, Chichester, PO20 7FD Subscribe Subscribe to our newsletter
Comms Group
Home Contact Us Home-version 2 Service page About Us Office Location Post template Home Contact Us Home-version 2 Service page About Us Office Location Post template Acquisition Acquisition, Telecoms 2016 Acquisition Analytic Services Business Acquisition Business Aquired Business Sale Business Valuation and Research Buy-Side Buyside M&A Case Studies Disposal Financial Due Diligence Fundraising and M&A advice IT Managed Services IT MSP M&A Managed Buy and Build Programme Media Merger Multiple R&D Tax Claims Sell-Side Sell-side M&A Advice Technology Telecoms The background Comms Group was started in 2007 as a collaboration between two organisations in the telecoms space. They each had a clearly defined role in the marketplace, mobile and fixed lines respectively, and wanted to explore the opportunities created through the synergies of their respective organisations. Both companies were kept separate whilst the exploratory initiative was trialed. The joint venture was a success and both organisations merged to form Comms Group. Matt Tarry, MD of Comms Group, said: “While both our organisations were successful in their own right, we felt there was a lot more we could achieve together. Our initial joint venture was all about testing the market to see what was possible and our findings proved conclusive. We set ourselves a joint first year’s target of £1m which was exceeded well before the year was up. Clearly, the sum of the parts exceeded the whole and we joined forces permanently, never looking back.” The market was changing, as was the new organisation’s business model. The company put a lot of focus on selling and supporting refurbished Avaya telephone systems and capitalised on a gap in the market where there was plenty of excess equipment to acquire, refurbish and deliver. Tarry adds: “During the financial crisis of 2008 there was a general surplus of telephone systems, which we snapped up. There was also demand for the kit which we supplied at a fraction of the retail value and with an attractive support contract.” The company grew quickly and soon reached a point where they were working out of eight serviced offices over disparate geographies.Management decided to buy permanent offices in Northampton out of which they operated, with up to 30 staff, supplying hosted phone systems, IT & Cloud computing and a raft of support services. The Challenge Both of the company’s founders, Paul Simmons and Matt Tarry,decided on inception that they would pursue an exit route of a trade sale after five years or so. However, both owners were enjoying the experience of nurturing and growing a thriving business and decided to dispose of the company only when the right buyer presented themselves. Matt Tarry says: “We had developed a close-knit team, which ultimately underpinned our success, and there was no way we wanted to just sell the company and leave the staff in the uncertain hands of new owners.Personally, I enjoyed the operational demands of running the company, we were profitable and cash positive and I felt it would take a compelling offer to get either of us (owners) interested. The five-year exit plan would, in reality,take a little longer to execute.” Specialist advisors were appointed in 2011 to audit and‘health check’ the business’ contracts and fundamental financial processes to ensure that they were in a strong position to attract the best offer, should one be made. Meanwhile, the company went from strength to strength and the management team continued to build growth from a solid platform. Tarry continues: “The advice we were actually given told us nothing we did not already know. It was comforting to be told that ‘all ourducks were in a row’ and we were ‘sale ready’ but beyond that, there was nothing new. Confirmation that we had a successful blueprint meant that justkept doing more of the same stuff. Focusing on recurring revenues was the key to continued success.” Comms Group was approached by an acquirer, received an acceptable offer for the business and the transaction progressed to its logicalconclusion. However Evolution Capital then approached the company towards the end of that year and it was agreed that viable alternatives might be explored. Advice, planning and preparation Within a week of the first meeting, Evolution had found an alternative buyer in Adept, a publicly listed telecoms business with a solid reputation for acquiring and integrating complementary businesses. Some preparatory work was undertaken, namely: A review of the contractual, financial and management information The preparation of appropriate materials and documentation A realistic timescale for offer and completion Tarry adds: “We were literally days away from completing the original disposal when Evolution’s approach was made. They reacted incredibly quickly and convinced us that it was worth going the extra mile. The fundamental part of the deal had to include the correct treatment and integration of our staff and after meeting the buyer we were given the assurances we needed. The chemistry was right, the figures were highly compelling and the contract included warranties to protect our employees. The transaction was completed swiftly in May 2016 and there were no bumps in the road. Evolution shepherded the deal home and made it all happen to allow us to maximise our exit.” A successful outcome Comms Group was delighted with the transaction and the post-sale activities have been exactly as anticipated with no deviation from the plan. Tarry concludes: “Expectations were set at the right level and there have been no surprises along the way – including all pre- and post sales activities. We achieved the right price on the best terms. Of paramount importance was that the staff were happy, content and motivated. Our engagement with Evolution might have been late in the day but their advice and guidance proved very timely.” About Comms Group Comms Group is a complete IT and Communications solutions provider for small to medium-sized organisations. Based in Northampton and with a team of 30 people the company offers telecoms advice, solutions and services to enable growth. More than 2 results are available in the PRO version (This notice is
Lake Technologies
Home Contact Us Home-version 2 Service page About Us Office Location Post template Home Contact Us Home-version 2 Service page About Us Office Location Post template Acquisition Acquisition, Telecoms 2020 Acquisition Analytic Services Business Acquisition Business Aquired Business Sale Buy-Side Buyside M&A Case Studies Disposal Financial Due Diligence Fundraising and M&A advice IT Managed Services IT MSP M&A Managed Buy and Build Programme Media Merger Multiple R&D Tax Claims Sell-Side Sell-side M&A Advice Technology Telecoms Babble Cloud Ltd. recently announced that it had acquired Lake Technologies Ltd; the second acquisition that Babble has made so far in 2020. Overall, it is the fourth deal build by the firm to help spur further growth and transformation since it received private equity backing in 2017 from LDC. Lake Technologies has provided business telephony and network services to its customers for over 26 years, who will now be able to take advantage of Babble’s ability to offer agile and efficient cloud-based solutions to organisations, allowing them to adapt to the changing working environments. The Challenge Evolution Capital conducted several face-to-face meetings with the owners of Lake Technologies who then decided that the right time had arrived to sell their business. Evolution Capital provided guidelines to the Lake management team and shareholders with the production of the relevant business information for them to conduct an independent process to sell the business. Neil Needham, out-going Commercial Director of Lake Technologies, said “We have had an on-going relationship with Evolution Capital for some time and informed them of our intention to sell the company and asked them to find us some suitable buyers for the business. They put together a MOI and committed to find a suitable buyer. Acknowledging that confidentiality,knowing the marketplace and having relationships with buyers was key to the successful sale of the business the shareholders entrusted Evolution Capital to find a buyer that matched their criteria. The first potential acquirer they introduced us to had detailed and exacting criteria, which we matched completely, and the sales process started and ultimately completed very smoothly. Our main concern was the effect on the process of the COVID-19 lock-down as my previous experience of business disposal required a great deal of personal contact with the buyers. We had only met Babble, the eventual acquirers, on two occasions before lock-down but such was the detailed and efficiency shown by all parties that any ‘rocks in the road’ were dealt with quickly.” A successful outcome Despite the effects of the pandemic, the deal was efficiently concluded in good time; proof positive that carefully delineated buying criteria and a detailed timetable can be met and achieved in the most trying of business environments. Matt Parker, Babble’s CEO said, “This is another step on Babble’s rapidly accelerating ride towards £100m as we seek further acquisitions in partnership with LDC. I am delighted to have acquired another high-quality business in Lake Technologies. Both businesses have a focus on improving productivity and increasing customer engagement and organisational resilience whilst reducing costs, to deliver a rapid return on investment for clients.” Neil Needham now part of the Leadership Team Integration& Digital Transformation at Babble continues, “During our 26 years in the telecoms industry at Lake, we focused heavily on creating a robust business model that delivered fixed, recurring revenues which were exactly what Babble was looking for. Our operational discipline in producing highly detailed management information also served us well during the due diligence period and a good working relationship with Babble’s CEO Matt Parker enabled us to overcome any obstacles that arose during the process.” More than 2 results are available in the PRO version (This notice is only visible to admin users) Latest Posts Business Sale Margolis Technology Acquisition Lake Technologies Buyside M&A iTalk Categories Acquisition Analytic Services Business Acquisition Business Aquired Business Sale Buy-Side Buyside M&A Case Studies Disposal Financial Due Diligence Fundraising and M&A advice IT Managed Services IT MSP M&A Managed Buy and Build Programme Media Merger Multiple R&D Tax Claims Sell-Side Sell-side M&A Advice Technology Telecoms Social Media Our Blog Related Case Studies View all Business Sale, Case Studies, Telecoms Margolis Technology December 2, 2025 Acquisition, Case Studies, Telecoms Lake Technologies December 2, 2025 Buyside M&A, Case Studies, Telecoms iTalk December 2, 2025 Business Sale, Case Studies, Telecoms Maintel December 2, 2025 Acquisition, Case Studies, Technology HSO December 2, 2025 Request a Confidential Consultation Discover Your Business Value Start with a strategic assessment to understand your maximum potential valuation in the current market. Contact us now Company About Us Blogs Our Location Careers Our Services About Us Sell Side Buy Side Data Work Resources Faq Client Dashboard Support Our Location Contact Us (020) 3696 2810 Info@evolutioncapital.com 68 King William Street, London, EC4N 7HR The Granary, Oak Lane, Chichester, PO20 7FD Subscribe Subscribe to our newsletter
HSO
Home Contact Us Home-version 2 Service page About Us Office Location Post template Home Contact Us Home-version 2 Service page About Us Office Location Post template Acquisition Acquisition, Technology 2006 Acquisition Analytic Services Business Acquisition Business Aquired Business Sale Buy-Side Case Studies Disposal Financial Due Diligence Fundraising and M&A advice IT Managed Services IT MSP M&A Managed Buy and Build Programme Media Merger Multiple R&D Tax Claims Sell-Side Sell-side M&A Advice Technology Telecoms The background HSO are a leading provider of support for ERP & CRM business solutions based on Microsoft Dynamics 365. HSO leverages the full power of Microsoft technology to transform the way their customers work and improve business performance. HSO enable companies modernize business operations, adopt intelligent automation, deliver real-time performance insights and connect the enterprise – accelerating the impact of digital transformation. The challenge The transaction process can be a complex and long winded if you lack the right advisor. The importance of finding the ‘right buyer’, as opposed to any buyer is always a challenge, but knowing the sale of Caladan to HSO was in fact the right match, enabled a smoother, accelerated and successful transaction for both management teams. Advice, planning and preparation Through years of experience, Evolution Capital have developed a proven process for transactions. Albeit every transaction is bespoke,and the details of each deal differ, our team stands apart from the competition when it comes to entering into and completing a transaction because of more than just our pedigree. Evolution Capital are a team of chartered accountants, sector specialists and transaction experts, which provides the key combination for transactional success, from engagement through to completion. A successful outcome Evolution Capital were delighted to have achieved outstanding outcomes for our clients in the sale of Caladan to HSO. Our broad network and experience operating exclusively within the IT, TMT and Telecoms space enables our team to provide quintessential, concise and strategic advice to shareholders and management teams. This deal not only resulted in outstanding outcomes for Caladan in the successful sale of the business, but also a value enhancing acquisition for HSO. More than 2 results are available in the PRO version (This notice is only visible to admin users) Latest Posts Acquisition HSO Case Studies Reeves Lund Case Studies Vidzone Categories Acquisition Analytic Services Business Acquisition Business Aquired Business Sale Buy-Side Case Studies Disposal Financial Due Diligence Fundraising and M&A advice IT Managed Services IT MSP M&A Managed Buy and Build Programme Media Merger Multiple R&D Tax Claims Sell-Side Sell-side M&A Advice Technology Telecoms Social Media Our Blog Related Case Studies View all Acquisition, Case Studies, Technology HSO December 2, 2025 Acquisition, Case Studies, Technology HSO December 2, 2025 Case Studies, Disposal, Telecoms Reeves Lund December 2, 2025 Case Studies, Media, Multiple R&D Tax Claims Vidzone December 2, 2025 Case Studies, Disposal, IT MSP Insite December 2, 2025 Request a Confidential Consultation Discover Your Business Value Start with a strategic assessment to understand your maximum potential valuation in the current market. Contact us now Company About Us Blogs Our Location Careers Our Services About Us Sell Side Buy Side Data Work Resources Faq Client Dashboard Support Our Location Contact Us (020) 3696 2810 Info@evolutioncapital.com 68 King William Street, London, EC4N 7HR The Granary, Oak Lane, Chichester, PO20 7FD Subscribe Subscribe to our newsletter
Recarta
Home Contact Us Home-version 2 Service page About Us Office Location Post template Home Contact Us Home-version 2 Service page About Us Office Location Post template Acquisition Acquisition, IT Managed Services, Merger, Technology 2019 Acquisition Analytic Services Business Acquisition Business Aquired Business Sale Buy-Side Case Studies Financial Due Diligence Fundraising and M&A advice IT Managed Services M&A Managed Buy and Build Programme Merger Sell-Side Sell-side M&A Advice Technology Telecoms Background Recarta IT started in 2005 as a spin-off from international technology vendor Power core Holdings. The company specialised in supplying IBMRS 6000 parts in an international brokerage market and, at that time, were the only organisation focusing completely on this area. Recarta, capitalising in this specialised market,established a reputation for trust and expert support within a select group of customers. The market hardened during the financial turmoil of 2008 but came back strongly in 2010, enabling the company to exploit a computer hardware market dominated by IBM and AIX (IBM’s ‘open’ operating system). This dominance enabled Recarta to reinforce its position, providing both system management and infrastructure solutions,for many ERP applications and working alongside ISV’s such as INFOR. Today, Recarta IT supports multi-platform infrastructures,with IBM-based services accounting for up to 50% of their revenues. The company looks to continue its upward growth curve through the provision of managed IT services, specifically remote management, patching, hosting, outsourcing and compliance. The client base consists of over 300 satisfied customers, with approximately two-thirds providing recurring revenues. Daren Bland, MD and founder, says: “We worked hard to establish a reputation for excellence in a crowded market place. We supply vital support services, without which people would be unable to operate their businesses. Recarta are now trusted advisors to a significant number of customers for whom we provide a solid platform for growth, resilience, security and scalability.” The Challenge: Like many successful businesses, Recarta’s management team strive to get a good skills and cultural balance within their organisation.Importantly, they are constantly on the lookout for complementary acquisition targets that will dovetail into the existing operation with the minimum of disruption to their clients. Their acquisition of Signature Consulting in 2017 was a case in point and allowed the company to add new skills to their existing portfolio. It also provided a move into new markets of healthcare and medical protection and importantly provided an additional source of renewable revenue. Bland continues: “We identified another acquisition as long ago as 2016. It was a compelling and complementary fit to our existing portfolio and both parties were keen to move forward to a mutually beneficial conclusion. However, the main challenge was to get to a point where we could both agree on a satisfactory valuation. The seller also needed to be able to convince his own management team and investors that an optimum valuation had been reached. It became obvious that we needed some expert industry advice to get the deal over the line. We were well acquainted with Evolution Capital’s industry reputation and asked them for their input.” Advice, planning and preparation: Recarta IT appointed Evolution Capital in October 2018 to provide some specialist advice and guidance on the proposed deal, including establishing a workable valuation that both buyer and seller could agree with.After an initial review of the business, Evolution provided a detailed plan and risk analysis of the deal and progress was made. This included: 1. A review of relevant financial and management information 2. A detailed risk analysis report 3. The preparation of all appropriate documentation 4. The formula for a valuation Bland adds: “Without Evolution Capital’s input it is fair to say that a conclusion could not have been reached. The company took a very pragmatic approach to the process and set realistic expectations for both parties. Ultimately, they put the deal together for us and given that the hard yards had been done by the time it came to do the due diligence, everything went through very quickly.” A successful outcome: Recarta acquired virtualisation and cloud specialist Möbius Business Technologies in May 2019, creating a £15 million value-added reseller in the process. Evolution Capital’s input was crucial to the deal completing in a timely manner. Bland says: “We were delighted with the successful conclusion of this transaction, which was catalysed by Evolution Capital. The acquisition greatly enhances our IT infrastructure and managed service capability into new IT Vendor areas.” More than 2 results are available in the PRO version (This notice is only visible to admin users) Latest Posts Acquisition Recarta Case Studies Synergy Associates M&A Managed Buy and Build Programme BNS Categories Acquisition Analytic Services Business Acquisition Business Aquired Business Sale Buy-Side Case Studies Financial Due Diligence Fundraising and M&A advice IT Managed Services M&A Managed Buy and Build Programme Merger Sell-Side Sell-side M&A Advice Technology Telecoms Social Media Our Blog Related Case Studies View all Acquisition, Case Studies, IT Managed Services Recarta December 2, 2025 Case Studies, Merger, Technology Synergy Associates December 2, 2025 Business Sale, Case Studies, Technology MSO December 2, 2025 Business Sale, Case Studies, Technology Crompton Technology Group December 2, 2025 Business Acquisition, Case Studies, Telecoms Axis Telecom December 1, 2025 Request a Confidential Consultation Discover Your Business Value Start with a strategic assessment to understand your maximum potential valuation in the current market. Contact us now Company About Us Blogs Our Location Careers Our Services About Us Sell Side Buy Side Data Work Resources Faq Client Dashboard Support Our Location Contact Us (020) 3696 2810 Info@evolutioncapital.com 68 King William Street, London, EC4N 7HR The Granary, Oak Lane, Chichester, PO20 7FD Subscribe Subscribe to our newsletter