Case Studies Archives - Evolution Capital

Neuways Business Sale

Home Our Services Transaction Services Lead Advisory Debt Advisory EC Analytics About Us Our Team Office Location Our Values Success Stories Blog Contact Us Home Our Services Transaction Services Lead Advisory Debt Advisory EC Analytics About Us Our Team Office Location Our Values Success Stories Blog Contact Us Financial Due Diligence Financial Due Diligence, IT MSP, Transaction Support November 2024 The Evolution Capital team was proud to have advised the shareholders of Neuways through the successful sale to Zenzero. This transaction marks a significant milestone for both Neuways and its new owner, Zenzero, as they look to the future together. Background Neuways, a highly valuable IT solutions provider based in the Midlands, specialises in three core services: managed IT support, Microsoft Dynamics 365 Business Central/ERP implementation, and managed cybersecurity. The business has built strong, long-term relationships with its clients through multi-service, multi-year contracts, which have supported consistent financial performance and steady growth. Selecting an advisor Neuways sought the sector and transaction expertise of Evolution Capital to conduct a strategic review aimed at understanding the full value of the business and exploring an exit strategy for its ultimate shareholders. Evolution Capital’s primary role was to position Neuways in a way that highlighted key opportunities for potential buyers, ensuring the company’s unique strengths and intrinsic value were brought to the forefront before then identifying the optimal acquirer and entering into the transaction stage. Advice, planning, and preparation With a track record of advising over 250 clients and managing deals collectively valued at over £1 billion, Evolution Capital brought industry insight and meticulous attention to detail to the process. After the initial strategic review, the Neuways shareholders decided to continue working with our team to guide them through the entire sale process to a successful outcome and maximum value. The preparation phase involved the creation of an Information Memorandum (IM) and the use of EC Analytics, an advanced data analytics platform that allowed potential buyers to interact with critical business data. This dynamic approach helped streamline the marketing process and ensure that Neuways’ financial performance, particularly its recurring gross profits and adjusted EBITDA, was effectively communicated. The Evolution Capital team worked diligently to prepare the IM and launch the process in August, aiming to complete a transaction ahead of the Autumn budget. The EC transaction team acted quickly and worked efficiently with Neuways and Zenzero to comfortably meet the deadline. Oli Gee, CFO at Zenzero commented: As usual, we really enjoyed working with the EC team on this deal. Their straightforward and efficient approach meant that we were able to get a deal done in a very short time frame and which delivered a great outcome for all parties. Successful outcomes Evolution Capital is proud to have advised the shareholders of Neuways in achieving a successful sale to Zenzero, a rapidly growing and impressive UK-based Managed Service Provider (MSP) this month. Zenzero emerged as an ideal buyer with an excellent strategic fit and alignment of values, as well as being committed to completing the deal quickly, finalising the transaction in under eight weeks. “Naively, I thought I could run the transaction process independently, and not until I was in the thick of it, did I realise the value an advisor would bring. It is obvious now, that we would not be anywhere near where we are now without the guidance of the EC Team, who added so much in terms of expertise and value. Everyone involved has made the transaction enjoyable and I have great faith in the team, and delighted in the work and dedication shown throughout the process.” Martin Roberts, Neuways For more information on EC Ananlytics, our transaction services and financial due diligence support, please click here ‍ More than 2 results are available in the PRO version (This notice is only visible to admin users) Latest Posts Case Studies Neuways Business Sale Case Studies DSP Business Aquired Babble Categories <lidata-term-id=”90″> Acquired <lidata-term-id=”64″> Acquisition <lidata-term-id=”13″> Acquisition Strategy <lidata-term-id=”10″> Analytic Services <lidata-term-id=”29″> Blog <lidata-term-id=”58″> Business Acquisition <lidata-term-id=”56″> Business Aquired <lidata-term-id=”6″> Business Sale <lidata-term-id=”66″> Business Valuation and Research <lidata-term-id=”11″> Buy-Side <lidata-term-id=”101″> Buy-side M&A advice <lidata-term-id=”65″> Buyside M&A <lidata-term-id=”28″> Case Studies <lidata-term-id=”81″> Disposal <lidata-term-id=”8″> Financial Due Diligence <lidata-term-id=”68″> Fund raising and listing <lidata-term-id=”54″> Fundraising <lidata-term-id=”75″> Fundraising and M&A advice <lidata-term-id=”94″> ICT <lidata-term-id=”53″> IT <lidata-term-id=”62″> IT Managed Services <lidata-term-id=”61″> IT MSP <lidata-term-id=”55″> M&A advice <lidata-term-id=”60″> M&A Managed Buy and Build Programme <lidata-term-id=”105″> Managed Service and Mobile <lidata-term-id=”52″> Managed Services <lidata-term-id=”67″> MBO Management Buyout <lidata-term-id=”83″> Media <lidata-term-id=”59″> Merger <lidata-term-id=”63″> Multiple R&D Tax Claims <lidata-term-id=”12″> Sell-Side <lidata-term-id=”51″> Sell-side M&A Advice <lidata-term-id=”88″> Software <lidata-term-id=”96″> Strategic review & business sale <lidata-term-id=”69″> Strategic Review & partial sale <lidata-term-id=”57″> Technology <lidata-term-id=”7″> Telecoms <lidata-term-id=”98″> Telephony <lidata-term-id=”107″> Transaction Support <lidata-term-id=”95″> Unified Comms <lidata-term-id=”86″> Valuation and fundraising Social Media Our Blog Related Case Studies View all Case Studies, Financial Due Diligence, Transaction Support Neuways Business Sale March 27, 2026 Case Studies, Financial Due Diligence, Transaction Support DSP March 27, 2026 Business Aquired, Case Studies, Financial Due Diligence, Transaction Support Babble March 27, 2026 Business Aquired, Case Studies, Financial Due Diligence, Transaction Support Chess ICT March 27, 2026 Case Studies, Financial Due Diligence, Transaction Support Redline Business Sale March 27, 2026 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

DSP

Home Our Services Transaction Services Lead Advisory Debt Advisory EC Analytics About Us Our Team Office Location Our Values Success Stories Blog Contact Us Home Our Services Transaction Services Lead Advisory Debt Advisory EC Analytics About Us Our Team Office Location Our Values Success Stories Blog Contact Us Financial Due Diligence Financial Due Diligence, Multi-year Programme, Transaction Support November 2024 Evolution Capital is pleased to have supported DSP on an undisclosed target acquisition, providing financial due diligence to help the management team assess the opportunity with greater clarity and confidence. The challenge For acquisitive businesses, the ability to assess a target quickly and effectively is critical. Beyond understanding historic financial performance, management teams need clear insight into the underlying drivers of the business, the quality of earnings and any issues that could influence value or execution. In this case, DSP required focused, commercially relevant financial due diligence to support decision making around a potential acquisition and ensure key risks and considerations were identified at the right stage of the process. Our advice Evolution Capital was appointed to provide financial due diligence support to DSP on the transaction. Our role was to analyse the target business in detail, helping DSP’s management team understand financial performance, working capital considerations and the key issues likely to impact the acquisition. Throughout the process, we worked closely with the team to present findings clearly and practically, ensuring that the diligence output supported informed discussions and confident decision making. By combining transaction experience with a hands on and responsive approach, we delivered analysis tailored to the needs of the management team and the pace of the deal. The outcome Evolution Capital’s financial due diligence provided DSP with a clearer view of the target business and the issues most relevant to the transaction. Our work helped the management team assess the opportunity with greater confidence, supported negotiations and contributed to a more informed acquisition process overall. Sam Godfrey, Transaction Services Director at Evolution Capital, said: “Supporting acquisitive management teams requires more than simply presenting financial information. It means delivering clarity around the issues that really matter and helping clients focus on the areas most likely to influence value, risk and execution. We were pleased to support DSP on this opportunity and provide financial due diligence that enabled the team to assess the target with greater confidence and a clearer understanding of the business.” For more information on EC Ananlytics, our transaction services and financial due diligence support, please click here ‍ More than 2 results are available in the PRO version (This notice is only visible to admin users) Latest Posts Business Aquired DSP Business Aquired Babble Business Aquired Chess ICT Categories <lidata-term-id=”90″> Acquired <lidata-term-id=”64″> Acquisition <lidata-term-id=”13″> Acquisition Strategy <lidata-term-id=”10″> Analytic Services <lidata-term-id=”29″> Blog <lidata-term-id=”58″> Business Acquisition <lidata-term-id=”56″> Business Aquired <lidata-term-id=”6″> Business Sale <lidata-term-id=”66″> Business Valuation and Research <lidata-term-id=”11″> Buy-Side <lidata-term-id=”101″> Buy-side M&A advice <lidata-term-id=”65″> Buyside M&A <lidata-term-id=”28″> Case Studies <lidata-term-id=”81″> Disposal <lidata-term-id=”8″> Financial Due Diligence <lidata-term-id=”68″> Fund raising and listing <lidata-term-id=”54″> Fundraising <lidata-term-id=”75″> Fundraising and M&A advice <lidata-term-id=”94″> ICT <lidata-term-id=”53″> IT <lidata-term-id=”62″> IT Managed Services <lidata-term-id=”61″> IT MSP <lidata-term-id=”55″> M&A advice <lidata-term-id=”60″> M&A Managed Buy and Build Programme <lidata-term-id=”105″> Managed Service and Mobile <lidata-term-id=”52″> Managed Services <lidata-term-id=”67″> MBO Management Buyout <lidata-term-id=”83″> Media <lidata-term-id=”59″> Merger <lidata-term-id=”63″> Multiple R&D Tax Claims <lidata-term-id=”12″> Sell-Side <lidata-term-id=”51″> Sell-side M&A Advice <lidata-term-id=”88″> Software <lidata-term-id=”96″> Strategic review & business sale <lidata-term-id=”69″> Strategic Review & partial sale <lidata-term-id=”57″> Technology <lidata-term-id=”7″> Telecoms <lidata-term-id=”98″> Telephony <lidata-term-id=”107″> Transaction Support <lidata-term-id=”95″> Unified Comms <lidata-term-id=”86″> Valuation and fundraising Social Media Our Blog Related Case Studies View all Business Aquired, Case Studies, Financial Due Diligence, Transaction Support DSP March 27, 2026 Business Aquired, Case Studies, Financial Due Diligence, Transaction Support Babble March 27, 2026 Business Aquired, Case Studies, Financial Due Diligence, Transaction Support Chess ICT March 27, 2026 Case Studies, Financial Due Diligence, Transaction Support Redline Business Sale March 27, 2026 Case Studies, Financial Due Diligence, Transaction Support Comm-Tech Business Sale March 27, 2026 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

Babble

Home Our Services Transaction Services Lead Advisory Debt Advisory EC Analytics About Us Our Team Office Location Our Values Success Stories Blog Contact Us Home Our Services Transaction Services Lead Advisory Debt Advisory EC Analytics About Us Our Team Office Location Our Values Success Stories Blog Contact Us Financial Due Diligence Financial Due Diligence, Multi-year Programme, Transaction Support November 2024 Evolution Capital is proud to have partnered with Babble’s management team across five projects in 2025, building on a strong and established relationship. Over the course of that partnership, we provided financial due diligence and EC Analytics to support sharper analysis, stronger visibility and more confident decision making across a number of strategic opportunities. The challenge Babble is one of the UK’s most active acquirers in the communications and managed services market, with an ambitious growth strategy and a high volume of opportunities to assess. For a management team operating at pace, the challenge is not simply gaining access to information, but receiving analysis in a format that supports better, faster and more confident decision making. In a competitive market, Babble needed insight that went beyond conventional reporting and delivered real commercial value across multiple transactions. Our advice Evolution Capital partnered with Babble’s management team across five projects in 2025, providing financial due diligence supported by EC Analytics. Our role was to give the team clearer visibility on target businesses, a stronger understanding of underlying performance and greater confidence in the issues that mattered most. Using EC Analytics, we presented data in a way that was practical, decision-led and aligned to Babble’s acquisition strategy. Across each project, our work helped the management team interrogate the numbers more effectively, focus on key value drivers and assess risks with greater clarity. The outcome Over the course of five projects in 2025, Evolution Capital supported Babble with financial due diligence and analytics-led insight that strengthened decision making throughout the transaction process. The relationship developed into one built not only on technical delivery, but on trust. By working closely with Babble’s management team and consistently delivering analysis in a commercially relevant format, Evolution Capital became a trusted partner in helping the business assess opportunities with greater conviction. Matt Parker, CEO of Babble, said: “We have been looking for a team like Evolution Capital for years. We work with over 20 advisers and brokers, 50% of which we cannot do anything with the information they provide. Evolution Capital are the extreme end of good.” Sam Godfrey, Transaction Services Director at Evolution Capital, said: “Babble is an ambitious and highly experienced acquirer, so the standard of insight required is rightly high. Over the course of these projects, we built a strong working relationship with Matt and the wider management team, grounded in trust, candour and a shared focus on decision quality. Our role was not simply to provide financial due diligence, but to deliver analysis in a way that was genuinely useful to the team as they assessed each opportunity. Through EC Analytics and our transaction experience, we were able to support Babble with clearer insight, sharper interrogation of the numbers and greater confidence in the decisions being made.” For more information on EC Ananlytics, our transaction services and financial due diligence support, please click here ‍ More than 2 results are available in the PRO version (This notice is only visible to admin users) Latest Posts Business Aquired Babble Business Aquired Chess ICT Case Studies Comm-Tech Business Sale Categories <lidata-term-id=”90″> Acquired <lidata-term-id=”64″> Acquisition <lidata-term-id=”13″> Acquisition Strategy <lidata-term-id=”10″> Analytic Services <lidata-term-id=”29″> Blog <lidata-term-id=”58″> Business Acquisition <lidata-term-id=”56″> Business Aquired <lidata-term-id=”6″> Business Sale <lidata-term-id=”66″> Business Valuation and Research <lidata-term-id=”11″> Buy-Side <lidata-term-id=”101″> Buy-side M&A advice <lidata-term-id=”65″> Buyside M&A <lidata-term-id=”28″> Case Studies <lidata-term-id=”81″> Disposal <lidata-term-id=”8″> Financial Due Diligence <lidata-term-id=”68″> Fund raising and listing <lidata-term-id=”54″> Fundraising <lidata-term-id=”75″> Fundraising and M&A advice <lidata-term-id=”94″> ICT <lidata-term-id=”53″> IT <lidata-term-id=”62″> IT Managed Services <lidata-term-id=”61″> IT MSP <lidata-term-id=”55″> M&A advice <lidata-term-id=”60″> M&A Managed Buy and Build Programme <lidata-term-id=”105″> Managed Service and Mobile <lidata-term-id=”52″> Managed Services <lidata-term-id=”67″> MBO Management Buyout <lidata-term-id=”83″> Media <lidata-term-id=”59″> Merger <lidata-term-id=”63″> Multiple R&D Tax Claims <lidata-term-id=”12″> Sell-Side <lidata-term-id=”51″> Sell-side M&A Advice <lidata-term-id=”88″> Software <lidata-term-id=”96″> Strategic review & business sale <lidata-term-id=”69″> Strategic Review & partial sale <lidata-term-id=”57″> Technology <lidata-term-id=”7″> Telecoms <lidata-term-id=”98″> Telephony <lidata-term-id=”107″> Transaction Support <lidata-term-id=”95″> Unified Comms <lidata-term-id=”86″> Valuation and fundraising Social Media Our Blog Related Case Studies View all Business Aquired, Case Studies, Financial Due Diligence, Transaction Support Babble March 27, 2026 Business Aquired, Case Studies, Financial Due Diligence, Transaction Support Chess ICT March 27, 2026 Case Studies, Financial Due Diligence, Transaction Support Redline Business Sale March 27, 2026 Case Studies, Financial Due Diligence, Transaction Support Comm-Tech Business Sale March 27, 2026 Case Studies, Financial Due Diligence, Transaction Support dbfb March 27, 2026 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

Chess ICT

Comm-Tech Business Sale

Home Our Services Transaction Services Lead Advisory Debt Advisory EC Analytics About Us Our Team Office Location Our Values Success Stories Blog Contact Us Home Our Services Transaction Services Lead Advisory Debt Advisory EC Analytics About Us Our Team Office Location Our Values Success Stories Blog Contact Us Business Sale Telecoms, Transaction Support August 2025 The Background Evolution Capital was proud to be the selected advisor to partner with the shareholders of Norfolk based Comm-Tech Voice & Data on its successful sale to European managed services group Your.Cloud in August 2025. Founded in 1986, Comm-Tech had developed from a regional mobile provider into a nationwide supplier of telecoms, connectivity and managed IT, operating as one of the top Vodafone partners in the UK. Advice, Planning and Preparation Seeking an adviser with both transactional and sector specific expertise, the shareholders appointed Evolution Capital to guide the full sale process. The team undertook a granular review of the business, including management information and addressable market opportunity, before preparing a tightly positioned proposition designed to articulate both the intrinsic and strategic value of the business to carefully selected acquirers. A Successful Outcome The result was a cross border transaction with Your.Cloud that supports Comm-Tech’s next phase of growth while preserving the business’s identity and customer first culture. Brad Melfi, Transaction Executive at Evolution Capital, said: “We are delighted to have supported Justin and the Comm-Tech team on this important milestone. Their deep customer relationships and commitment to innovation made the business a highly attractive platform for a strategic acquirer. It has been a pleasure to help shape this partnership with Your.Cloud, and we are confident it sets Comm-Tech up for continued success in the years ahead.” Read more about the transaction here: https://www.evolutioncapital.com/news/evolution-capital-advises-comm-tech-on-strategic-sale-to-international-msp-your-cloud For more information on EC Ananlytics, our transaction services and financial due diligence support, please click here ‍ More than 2 results are available in the PRO version (This notice is only visible to admin users) Latest Posts Case Studies dbfb Case Studies dbfb Acquisition Strategy Revolutionising Due Diligence: The Power of EC Analytics Categories <lidata-term-id=”90″> Acquired <lidata-term-id=”64″> Acquisition <lidata-term-id=”13″> Acquisition Strategy <lidata-term-id=”10″> Analytic Services <lidata-term-id=”29″> Blog <lidata-term-id=”58″> Business Acquisition <lidata-term-id=”56″> Business Aquired <lidata-term-id=”6″> Business Sale <lidata-term-id=”66″> Business Valuation and Research <lidata-term-id=”11″> Buy-Side <lidata-term-id=”101″> Buy-side M&A advice <lidata-term-id=”65″> Buyside M&A <lidata-term-id=”28″> Case Studies <lidata-term-id=”81″> Disposal <lidata-term-id=”8″> Financial Due Diligence <lidata-term-id=”68″> Fund raising and listing <lidata-term-id=”54″> Fundraising <lidata-term-id=”75″> Fundraising and M&A advice <lidata-term-id=”94″> ICT <lidata-term-id=”53″> IT <lidata-term-id=”62″> IT Managed Services <lidata-term-id=”61″> IT MSP <lidata-term-id=”55″> M&A advice <lidata-term-id=”60″> M&A Managed Buy and Build Programme <lidata-term-id=”105″> Managed Service and Mobile <lidata-term-id=”52″> Managed Services <lidata-term-id=”67″> MBO Management Buyout <lidata-term-id=”83″> Media <lidata-term-id=”59″> Merger <lidata-term-id=”63″> Multiple R&D Tax Claims <lidata-term-id=”12″> Sell-Side <lidata-term-id=”51″> Sell-side M&A Advice <lidata-term-id=”88″> Software <lidata-term-id=”96″> Strategic review & business sale <lidata-term-id=”69″> Strategic Review & partial sale <lidata-term-id=”57″> Technology <lidata-term-id=”7″> Telecoms <lidata-term-id=”98″> Telephony <lidata-term-id=”107″> Transaction Support <lidata-term-id=”95″> Unified Comms <lidata-term-id=”86″> Valuation and fundraising Social Media Our Blog Related Case Studies View all Case Studies, Financial Due Diligence, Transaction Support dbfb March 27, 2026 Case Studies, Financial Due Diligence, Transaction Support dbfb March 27, 2026 Business Sale, Case Studies, Unified Comms Connexus December 2, 2025 Case Studies, Financial Due Diligence, Transaction Support Windsor Telecom December 2, 2025 Business Sale, Case Studies, Unified Comms Unicomm 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

dbfb

Home Our Services Transaction Services Lead Advisory Debt Advisory EC Analytics About Us Our Team Office Location Our Values Success Stories Blog Contact Us Home Our Services Transaction Services Lead Advisory Debt Advisory EC Analytics About Us Our Team Office Location Our Values Success Stories Blog Contact Us Multi-Year Buy and Build Programme Telecoms, Transaction Support August 2025 The Background Evolution Capital was proud to advise the shareholders of Northampton based telecoms and IT managed service provider dbfb on the acquisition of Totally Converged Solutions in June 2025. The transaction strengthened dbfb’s position in a key growth market and combined two businesses with a shared customer first culture and a clear strategic rationale. Advice, Planning and Preparation Evolution Capital supported dbfb on business planning, funding strategy and buy side acquisition execution. The process included the development of a long term banking relationship with Santander, identification of a target aligned to dbfb’s ambitions, and preparation for post deal integration through onboarding to EC Analytics. Simon Pickering, CEO of DBFB commented on the partnership with the Evolution Capital team; “Evolution Capital brought a level of detail and insight that we hadn’t experienced elsewhere. They really understood our business and the broader market context. Evolution Capital transformed what could have been a daunting process into something structured, insightful, and actually quite enjoyable. Their professionalism really stood out.” A Successful Outcome The acquisition provided dbfb with a values led route to expansion and positioned the business for sustainable, data led growth. Charlie Futcher, Transaction Manager at Evolution Capital, said: “Working with Simon and the dbfb team has been a fantastic example of how a clear M&A strategy can be successfully implemented. From initiating a long term relationship with a leading funder in Santander, to identifying a target, in TCS, that fits dbfb’s growth ambitions. I am pleased that Evolution Capital’s collaborative approach has created outstanding outcomes for both buyer and seller. We look forward to continuing our partnership with the dbfb team.” For more information on EC Ananlytics, our transaction services and financial due diligence support, please click here ‍ More than 2 results are available in the PRO version (This notice is only visible to admin users) Latest Posts Case Studies dbfb Acquisition Strategy Revolutionising Due Diligence: The Power of EC Analytics Acquisition Strategy Market-leading Tech advisor, Evolution Capital strengthens its buy-side Team with FDD Specialist, Jonathan Benaim Categories <lidata-term-id=”90″> Acquired <lidata-term-id=”64″> Acquisition <lidata-term-id=”13″> Acquisition Strategy <lidata-term-id=”10″> Analytic Services <lidata-term-id=”29″> Blog <lidata-term-id=”58″> Business Acquisition <lidata-term-id=”56″> Business Aquired <lidata-term-id=”6″> Business Sale <lidata-term-id=”66″> Business Valuation and Research <lidata-term-id=”11″> Buy-Side <lidata-term-id=”101″> Buy-side M&A advice <lidata-term-id=”65″> Buyside M&A <lidata-term-id=”28″> Case Studies <lidata-term-id=”81″> Disposal <lidata-term-id=”8″> Financial Due Diligence <lidata-term-id=”68″> Fund raising and listing <lidata-term-id=”54″> Fundraising <lidata-term-id=”75″> Fundraising and M&A advice <lidata-term-id=”94″> ICT <lidata-term-id=”53″> IT <lidata-term-id=”62″> IT Managed Services <lidata-term-id=”61″> IT MSP <lidata-term-id=”55″> M&A advice <lidata-term-id=”60″> M&A Managed Buy and Build Programme <lidata-term-id=”105″> Managed Service and Mobile <lidata-term-id=”52″> Managed Services <lidata-term-id=”67″> MBO Management Buyout <lidata-term-id=”83″> Media <lidata-term-id=”59″> Merger <lidata-term-id=”63″> Multiple R&D Tax Claims <lidata-term-id=”12″> Sell-Side <lidata-term-id=”51″> Sell-side M&A Advice <lidata-term-id=”88″> Software <lidata-term-id=”96″> Strategic review & business sale <lidata-term-id=”69″> Strategic Review & partial sale <lidata-term-id=”57″> Technology <lidata-term-id=”7″> Telecoms <lidata-term-id=”98″> Telephony <lidata-term-id=”107″> Transaction Support <lidata-term-id=”95″> Unified Comms <lidata-term-id=”86″> Valuation and fundraising Social Media Our Blog Related Case Studies View all Case Studies, Financial Due Diligence, Transaction Support dbfb March 27, 2026 Business Sale, Case Studies, Unified Comms Connexus December 2, 2025 Case Studies, Financial Due Diligence, Transaction Support Windsor Telecom December 2, 2025 Business Sale, Case Studies, Unified Comms Unicomm December 2, 2025 Business Sale, 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

Connexus

Home Our Services Lead Advisory Sell-Side Advisory Buy-Side Advisory Fundraising Advisory Transaction Services Financial Due Diligence (FDD) Vendor and Buyer Assistance SPA Advisory EC Analytics Virtual CFO Services CFO Support & Financial Planning CFO ASSIST Bespoke Data Analytics Debt Advisory Acquisition and Growth Funding Debt Raising and Refinancing About Us Our Team Office Location Who We Are/Overview Case Studies Blog / News Contact Us Home Our Services Lead Advisory Sell-Side Advisory Buy-Side Advisory Fundraising Advisory Transaction Services Financial Due Diligence (FDD) Vendor and Buyer Assistance SPA Advisory EC Analytics Virtual CFO Services CFO Support & Financial Planning CFO ASSIST Bespoke Data Analytics Debt Advisory Acquisition and Growth Funding Debt Raising and Refinancing About Us Our Team Office Location Who We Are/Overview Case Studies Blog / News Contact Us Business Sale Unified Comms October 2023 Connexus Case History Industry specialists Evolution Capital are delighted to have advised the shareholders of Connexus on their sale to Windsor Telecom. Working closely with the business over a period of months, Windsor was identified through a competitive process as an excellent suitor to achieve our clients’ aspirations and provide a fitting home for the Connexus business. Background to Connexus Founded in 2005, Connexus deliver, manage and supply complete end-to-end unified communications, IT and connectivity solutions across the UK. The founders, Gulam Patel and Matthew Sainty were passionate about delivering solutions to ensure their customers’ businesses run smoothly and securely. Connexus is based in Gloucestershire and has grown organically, managing and maintaining over 700 sites as a leading regional provider of unified communications and IT solutions, holding Gamma Gold Partner status, and being a Microsoft Azure specialist. Additionally, the business has achieved ISO9001 and ISO27001 certification for all business and security processes. Selecting an advisor Evolution Capital has developed a well-established and trusting relationship with the shareholders of Connexus since 2021, initially providing an objective strategic review of the business and allowing the shareholders to make data-driven decisions with regard to their direction,services and eventual exit plan moving forward. Approaching 20 years since its establishment, the founders and additional shareholders of Connexus decided the time was right to seek to realise maximum value from their investment in the business and engaged Evolution Capital’s transaction experts to advise them through a sale process. Connexus has gained a solid reputation for exceptional customer service and being an extremely well-organised, process-driven, managed comms and ICT solutions business. Unsurprisingly, when meticulously prepared detailed transaction documentation,identifying intrinsic value, was presented to the right potential acquirers,the business attracted numerous high-quality offers from targeted and well-funded suitors. Understandably, the shareholders of Connexus were eager to find the right buyer for the business and, with the advice of Evolution Capital, were able to secure successful outcomes in the sale of the business to Windsor Telecom, a growing buyer in the space. Advice, planning and preparation Robust preparation at Evolution Capital is a pivotal tool to consistently achieving success. The Evolution team takes great pride in its comprehensive understanding of businesses and buyers within the sector landscape: from detailed analysis of management accounts, billing and customer data, revenue streams,quality of earnings, recurring gross profit, maintainable EBITDA, and valuation metrics, to ensuring a business is sold to the optimal buyer with a sufficiently detailed understanding so that they may seamlessly integrate a business and capitalise on strategic value and identified opportunities. Though Windsor and Connexus share many synergies, as represented in our robust analysis, it was also the additional IT capability offered by the Connexus technical team which further cemented interest for Windsor management. Successful outcomes Following the successful completion of the sale of Connexus,Managing Director and co-founder Gulam Patel commented; “We would personally like to thank the Evolution team for your guidance and ensuring we achieved the maximum shareholder value. I can honestly say without your experience and help we would have never achieved that.” Pete Tomlinson, CEO at Windsor Telecom also added; “Today is an important milestone for Connexus and Windsor Telecom; I hope both teams share my sense of excitement and opportunity as we bring two super complementary businesses and teams together. Collectively, this gives us a broader set of skills, capability and scale to better serve all our customers, together with additional opportunities for the combined team – so is good news all round!” Nigel Cook, CEO of Evolution Capital commented: “We are delighted to have achieved this outstanding outcome for our client. Connexus generated a great deal of interest through the process, and we are incredibly pleased with the results our client has realised. Having first worked with the shareholders some years prior, providing them with essential preparation advice, it has been a pleasure assisting them on the transactional phase and final leg of the Connexus journey. We would like to wish both the exiting shareholders, and those remaining as part of the now extended Windsor family, our very best for their future endeavours. For more information on our team, services and more, please visit the links below; Preparing for Sale Planning for Growth Mergers and Acquisitions Transaction Case Histories The Team More than 2 results are available in the PRO version (This notice is only visible to admin users) Latest Posts BI Title here Acquisition Strategy Revolutionising Due Diligence: The Power of EC Analytics Acquisition Strategy Market-leading Tech advisor, Evolution Capital strengthens its buy-side Team with FDD Specialist, Jonathan Benaim Categories Acquired Acquisition Acquisition Strategy Analytic Services BI Blog 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 Fundraising and M&A advice ICT IT IT Managed Services IT MSP M&A advice M&A Managed Buy and Build Programme Managed Service and Mobile 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 Transaction Support Unified Comms Valuation and fundraising Social Media Our Blog Related Case Studies View all Business Sale, Case Studies, Unified Comms Connexus

Windsor Telecom

Home Our Services Transaction Services Lead Advisory Debt Advisory EC Analytics About Us Our Team Office Location Our Values Success Stories Blog Contact Us Home Our Services Transaction Services Lead Advisory Debt Advisory EC Analytics About Us Our Team Office Location Our Values Success Stories Blog Contact Us Financial Due Diligence and Transaction Support Telecoms, Transaction Support August 2024 Evolution Capital is proud to advise Windsor Telecom’s on the successful acquisition of Yoozoom Technologies Ltd, which significantly enhances Windsor’s VoIP, cloud, and connectivity offerings. Evolution Capital primarily served as Windsor Telecom’s financial due diligence provider during this strategic acquisition with our role extending to also cover SPA support. The Evolution Capital Team provided comprehensive and rounded support, working closely with Windsor’s management team to navigate the transaction efficiently and effectively. We are proud to have played a pivotal role in Windsor Telecom’s continued expansion and are looking forward to partnering with Windsor as we continue to support them on their future growth plans. The challenge Windsor Telecom identified Yoozoom Technologies Ltd as a strategic acquisition to strengthen its VoIP, cloud and connectivity offering. As with any acquisition, the management team needed clear financial visibility on the target business, a robust understanding of underlying performance and confidence around the risks and opportunities within the transaction. Given the strategic importance of the acquisition, Windsor also required advice that went beyond a conventional diligence process. This included analysis presented in a way that aligned with its own commercial priorities and support through the negotiation and completion phases of the deal. Our advice Evolution Capital was appointed to provide financial due diligence and SPA support to Windsor Telecom. Using EC Analytics, our transaction team developed an interactive data model to help Windsor’s management team assess the target in greater depth. This enabled the business to understand key financial drivers, identify any critical red flags and evaluate the opportunity through a more practical and commercially relevant lens. Our support extended beyond the standard scope of diligence. By combining transaction expertise with sector knowledge, we worked closely with Windsor to provide tailored analysis, support decision making during the acquisition process and help navigate the transaction efficiently through to completion. The outcome Windsor Telecom successfully completed the acquisition of Yoozoom Technologies Ltd, further enhancing its service offering and supporting its wider growth strategy. Pete Tomlinson, CEO of Windsor Telecom commented: “If I were to summarise the FDD process, I would say that FDD tends to be very backward-looking, but the EC Analytics platform turns it into something forward looking. Evolution Capital are gold dust to work with, frankly.” Evolution Capital’s financial due diligence and SPA support helped provide the management team with the clarity needed to move forward confidently. The use of EC Analytics also supported a more detailed understanding of the business, both in assessing the transaction rationale and in helping inform post completion integration. This transaction followed Windsor Telecom’s acquisition of Connexus in 2023, further demonstrating its continued ambition to grow through strategic acquisition. Sam Godfrey, Transaction Services Director at Evolution Capital, said: “We are delighted that Windsor Telecom’s team has successfully acquired Yoozoom Technologies Ltd. Windsor appointed Evolution Capital financial advisers on the acquisition, where we added significant value through our financial due diligence and SPA support services. Leveraging EC Analytics, Evolution Capital’s support extended beyond the standard scope of financial due diligence. Our transaction team developed an interactive, data model platform enabling the Windsor management team to understand the key business drivers and identify any critical red flags. By applying our sector specific knowledge and transaction expertise, Evolution Capital collaborated with both parties to mitigate risks efficiently. Everyone at Evolution Capital looks forward to supporting Windsor Telecom’s continued growth and future success.” For more information on EC Ananlytics, our transaction services and financial due diligence support, please click here ‍ More than 2 results are available in the PRO version (This notice is only visible to admin users) Latest Posts Acquisition Strategy Revolutionising Due Diligence: The Power of EC Analytics Acquisition Strategy Market-leading Tech advisor, Evolution Capital strengthens its buy-side Team with FDD Specialist, Jonathan Benaim Acquisition Strategy Inside the serial acquirer’s playbook: How EC Analytics Transforms FDD Categories Acquired Acquisition Acquisition Strategy Analytic Services Blog 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 Fundraising and M&A advice ICT IT IT Managed Services IT MSP M&A advice M&A Managed Buy and Build Programme Managed Service and Mobile 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 Transaction Support Unified Comms Valuation and fundraising Social Media Our Blog Related Case Studies View all Business Sale, Case Studies, Unified Comms Connexus December 2, 2025 Case Studies, Financial Due Diligence, Transaction Support Windsor Telecom December 2, 2025 Business Sale, Case Studies, Unified Comms Unicomm December 2, 2025 Business Sale, Case Studies, Managed Services Callagenix December 2, 2025 Case Studies, M&A Managed Buy and Build Programme Adept Technology 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

Unicomm

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 Business Sale Unified Comms June 2023 The Background Unicomm is a leading provider of unified communications and wholesale telecommunications solutions. The business specialises in managing a range of hosted services, predominantly Mitel and 8×8, supplying these to a long-established SME and Commercial customer base. Founders Gary Roberts and Simon Drew met whilst working previously for Annodata, and later utilised their Mitel specialism to form Unicomm in 2009. The Challenge Having built a solid customer base and reputation since establishment, the shareholders’ decision to embark on an exit process and sell the business, to such a renowned market buyer as Babble, was a simple one. When presenting a business to a Tier 1 Buyer, it is vital that the proposition, services and supplier relationships are understood, and that the expected synergies for a larger consolidator are clearly apparent and defendable. In this journey, customer concentration initially presented a risk to the value of the business, demanding a refined focus on the proposition to avoid misleading the market, whilst presenting the business in the best light possible. This allowed our team to ensure potential buyers are aware of the issues, without damaging the valuation of the business. Moreover, it was essential to demonstrate how efficiently the business could be integrated, given its lean staff base and specific service types. The transaction team at Evolution Capital worked to create and develop a proposition and marketing documentation, which could stand up in FDD and clearly defendable through buyer interrogation. Approaching the completion of the IM, certain challenges arose which led to our team re-configuring the proposition ahead of due diligence investigation. This required making necessary adjustments to the IM and financial data pack to reflect the true underlying performance in the business. “Preparation ahead of a sale is of vital importance. Once a maximum value offer is secured, the most important period is the final months before completion where value can be eroded if the focus on business performance is not maintained. Our deep understanding of the business allowed us to mitigate all risks during this period”. Sam Godfrey, Transaction Director FDD interrogation was intense from the Babble team, demonstrating that the size of the business is not what determines the level of investigation. Our team was required to continue to deal with material changes in trading performance, in order to properly defend the business proposition and the underlying stability of the business. Advice, Planning, and preparation In 2019, the transaction team at Evolution Capital met with shareholders Gary Roberts and Simon Drew to understand the exit process further. Often for most sellside clients, we find that most have not run a transaction process before, and this was the case for the shareholders of Unicomm. Evolution Capital worked closely with the shareholders of Unicomm, becoming an extension of their own team throughout the duration of the process. Prior to entering into a business sale process, our transaction team, headed by Sam Godfrey, provided the granular analysis of the business from an objective perspective, allowing the shareholders to make decisions more effectively. Furthermore, the Evolution Capital team worked with meticulous focus to understand the intricacies of Unicomm, in order to allow the management teams the time to continue to run the business efficiently throughout the transaction process. It was essential for our transaction team to highlight the strength of the quality of earnings in the business, which is not always apparent when looking at high level information such as the management accounts. We had to understand the nature of every single expense to accurately exclude costs which were not needed or recurring for a larger acquirer. Ultimately, specifically tailoring the preparation of the business for a Tier 1 buyer. A Successful Outcome Evolution Capital are delighted to announce the successful sale of Unicomm to prestigious market buyer Babble earlier this month, after working closely with the shareholders of Unicomm to thoroughly prepare the business before entering into a process in order to achieve maximum value. Sam Godfrey, Transaction Director said; “I am thrilled for the shareholders of Unicomm, who I worked closely with over the course of the last 12 months. Achieving maximum value is, of course, what everyone aspires to in a business sale, but it is hugely rewarding to have worked with management teams of businesses such as Unicomm from the conception of the prospect of entering into a business sale process, right through to completion.” Simon Drew, Shareholder of Unicomm added; “Gary and myself spoke with various advisors before both agreeing to work with Evolution on the sale of Unicomm, we came to this decision based on the confidence they gave us that they would achieve maximum value for our business and be part of the journey from the beginning to the end and I must say they were true to their word. Sam was relentless in his pursuit to make sure the value was kept within the business and by the end of the process it felt like he was part of Unicomm. Although it was a roller coaster of a journey we achieved what we set out to from the start.” ‍ For more information on our exit services please click here For more information on planning for growth click here For more information on our M&A programmes click here For Babble’s announcement click here Follow us on LinkedIn ‍ More than 2 results are available in the PRO version (This notice is only visible to admin users) Latest Posts Business Sale Unicomm Business Sale Callagenix Case Studies Adept Technology Group Categories <lidata-term-id=”90″> Acquired <lidata-term-id=”64″> Acquisition <lidata-term-id=”10″> Analytic Services <lidata-term-id=”58″> Business Acquisition <lidata-term-id=”56″> Business Aquired <lidata-term-id=”6″> Business Sale <lidata-term-id=”66″> Business Valuation and Research <lidata-term-id=”11″> Buy-Side <lidata-term-id=”101″> Buy-side M&A advice <lidata-term-id=”65″> Buyside M&A <lidata-term-id=”28″> Case Studies <lidata-term-id=”81″> Disposal <lidata-term-id=”8″> Financial Due Diligence <lidata-term-id=”68″> Fund raising and listing <lidata-term-id=”75″> Fundraising and M&A advice <lidata-term-id=”94″> ICT <lidata-term-id=”53″> IT <lidata-term-id=”62″> IT Managed

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 Managed Services 2023 Background Bespoke telephony provider Callagenix was founded by Mark and Tony Jenkins in 1999. Both directors come from a background in IT and Telecoms and following the sale of another business in 1998, the shareholders were eager to explore web-based opportunities, and so Callagenix was established based on being able to generate a number of clients online and configure multiple managed services to sit behind that number. The shareholders spent the late nineties and early noughties programming, developing and building integrated systems with links into BT and other Tier 1 providers. The company was established to create a self-sufficient business model within the telecoms arena, which required little maintenance from a cash-flow perspective, as well as from a user perspective allowing customers to manage the products and services independently via an online platform. Advice, Planning and Preparation Having previously experienced the generalist broker approach towards the transaction process, shareholders Mark and Tony sought the advice of a specialist advisor, with the market intelligence and proven methodologies to achieve outstanding outcomes. With over 20 years’ experience exclusively advising shareholders of IT, telco and telecoms businesses, Evolution Capital was selected as the chosen advisory boutique to guide the founders through the business exit process. “When you’re looking at appointing an advisor, you’re looking at several factors; obviously you want to get the maximum amount of value you can for the business at the point that you’re selling… When we went through this process before, they [the broker] was not a specialist. I think, this time around, going with a specialist advisor in the telecoms arena, who understands the challenges for the buyer, and the seller as well, has proved to be the correct decision.” Mark Jenkins Preparation remains to be a key pillar of the Evolution Capital methodology. Our meticulous attention to detail in preparing the businesses we serve enables our team to unlock intrinsic value, and to later protect and defend the valuation of the business through buyer investigation and financial due diligence. The Challenge The nature of Callagenix, its services and its business model are all deeply bespoke, and so presenting such intricacies to potential acquirers could have been challenging had the advisory team leading the transaction process been ill-equipped in understanding the business and sector. However,the Evolution Capital team have an unparalleled understanding of current telephony market trends and temperature, allowing the necessary adjustments and advice to be implemented in order to appeal to the right buyer – not just any buyer – and achieve outstanding outcomes. “As the process unfolded, it became clear that it was actually very good value for money… At the end of the day, a lot more work and effort went into that preparation of the business and the IM, than I would have initially imagined. This ultimately allowed valuation of the business to be defended further on, I think that you guys really know that at Evolution Capital.” Mark Jenkins A successful outcome In January 2023, Mark and Tony Jenkins completed the sale of the business to Chess, with the guidance, preparation and support through due diligence of the Evolution Capital team. “…We probably learnt more about our business going through the process with you guys, than we perhaps did beforehand… Would we have achieved maximum value for the business if we had managed the process ourselves, or by using a different advisor? I don’t think so.” Tony Jenkins Read more about the transaction here: https://www.evolutioncapital.com/news/chess-acquire-bespoke-telephony-platform-callagenix More than 2 results are available in the PRO version (This notice is only visible to admin users) Latest Posts Business Sale Callagenix Case Studies Adept Technology Group Buyside M&A Excalibur 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 Service and Mobile 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 Business Sale, Case Studies, Managed Services Callagenix December 2, 2025 Acquisition, Case Studies, Managed Services Callagenix December 2, 2025 Case Studies, M&A Managed Buy and Build Programme Adept Technology Group December 2, 2025 Buyside M&A, Case Studies, Managed Service and Mobile Excalibur December 2, 2025 Acquisition, Case Studies, Telecoms Ridgewall 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

Category: Case Studies