Spiritel
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 M&A Managed Buy and Build Programme M&A Managed Buy and Build Programme, Telecoms 2007 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 The background SpiriTel CEO Alastair Mills is a successful national provider of converged voice, data and mobile communications with significant major account wins under their belt in a very short time. The challenge The shareholders of Spiritel selected Evolution Capital to research and identify acquisition opportunities, and to assist and advise the business owners in the purchase of and investment in multiple acquisitive opportunities to enhance the business value. Funded by Glasgow-based Penta Capital, Spiritel were searching for synergistic opportunities within the telecoms and telephony market.Evolution Capital were appointed to undertake key project management, alongside providing strategic business advice throughout the process. Advice, planning and preparation From understanding the shareholder goals and ambitions, to identifying qualifying targets, to negotiating HoT, Evolution Capital were chosen by the shareholders and management team of SpiriTel to assist the shareholders in their acquisitive journey towards value enhancement and growth. Throughout the course of the relationship, Nigel Cook, managing director of Evolution Capital,advised the shareholders through a total of four successful acquisitions of telecoms businesses based in the UK, including the purchase of Net:Telecom. A successful outcome Evolution Capital are proud to have assisted and advised the business owners of Spiritel in their journey towards value growth. With over two decades experience, advising clients exclusively in the IT, TMT and Technology sectors, our vast network and understanding of the market landscape, enables our advisors to provide essential, concise and educated advice, exceeding the aspirations of our clients. Following the acquisitions advised by Evolution Capital, Spiritel successfully sold the business to Daisy in 2010 for over £33m More than 2 results are available in the PRO version (This notice is only visible to admin users) Latest Posts Case Studies Spiritel Case Studies Mobestar Case Studies Passtech Overmach Group 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 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 Social Media Our Blog Related Case Studies View all Case Studies, M&A Managed Buy and Build Programme, Telecoms Spiritel December 2, 2025 Case Studies, Fund raising and listing, Software Mobestar December 2, 2025 Acquisition, Case Studies, Managed Services Callagenix December 2, 2025 Acquisition, Case Studies, Managed Services Callagenix December 2, 2025 Case Studies, Technology, Valuation and fundraising Passtech Overmach 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
Mobestar
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 Fund raising and listing Fund raising and listing, Software 2006 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 BackgroundEvolution Capital advised Mobestar’s founding directors from 2004, when the company was formed, through to April 2006, when it was admitted to the AIM market with a listing valued at £38m. Advice, planning and preparationAfter appointing the requisite advisors – nomad, broker, auditor and legal counsel – the company was faced with a myriad of processes and regulatory compliance issues, yet to be met, before their admittance to AIM. Mobestar’s CEO Peter Richards said: “Taking a company public by floating its shares on AIM and signing up to all the rules and regulations demanded by the London Stock Exchange was a daunting prospect for our management team. We were completely unprepared for the volume of data which we had to prepare.” Liquidity and cash flow validation, patent/intellectual rights allocation and strengthening mission-critical business processes were where Evolution Capital focussed their attention. They then proposed practical solutions in each of these identified areas – ultimately helping the company to implement them. Evolution Capital provided Mobestar with: an AIM feasibility exercise prepared by a flotations experta road map highlighting all the compliance issues and their proposed solutionsaccurate, LSE compliant management reporting systemsan audit and report of the company’s products to ensure the necessary growth potentialverification of all patents and intellectual property rightsa strategic plan for the management team to enable delivery of the company’s key objectives The ChallengeIn order to satisfy the rigorous demands of the LSE membership, the company was also obliged to meet the equally strenuous requirements of the UK Listing Authority. Additionally, the company would ultimately be answerable to the Financial Conduct Authority, which keeps a close eye on all quoted companies. The result of this extra workload added to the burden on Mobestar’s board, which was still in the throes of scaling their business in a nascent market. Richards continues: “It is no exaggeration to say that floating a company on AIM put our directors and senior management under some of the highest pressure they have experienced. For example, I was locked in with our lawyers in a continuous three-week process while they examined each and every public statement, contract and partnership the company had made since inception. We clearly needed some extra help.” SuccessThe engagement was a success with all objectives and goals met. Evolution Capital assisted the company in achieving the requisite ‘pre-float’ deadlines, meeting all the necessary regulatory and statutory requirements. The management team had been well prepared by the time of the flotation and were ‘enabled’ to respond to the market fluctuations of a quoted company. Dealings for the company’s entire share capital of 50,000,000 ordinary shares commenced trading at £1.00 per share. Mobestar later completed a ‘dual-listing’ on the Frankfurt Stock Market allowing simultaneous trading in their shares on two major exchanges. Rapid problem solvingEvolution Capital fulfilled each of the necessary requirements and helped the company overcome the logjam of challenges which could have caused a lengthy delay with the flotation. Peter Richards, CEO, said: “We needed some rapid problem solving if we were going to achieve our deadlines. Evolution Capital was indispensable in helping us, not only to prepare the ground but also in coming up with answers to some pressing problems. Without their input, we would never have got it over the line.” About MobestarMobestar was a specialist B2B provider of mobile video services. The company decided to float in early 2005 after receiving an unprecedented demand for their services. Mobestar created a white-label application, mDate, a mobile ‘app’ that allowed large dating and community brands to utilise and monetise ‘mobile’ as a new channel for their browser-based users. Gaydar, White Label Dating and UK Dating were all signed up as early customers giving Mobestar 30,000,000 subscribers. The company was the ‘first to market’ with a suite of integrated technologies that overcame several technical hurdles such as anonymous calling, multiple/live video calling sessions and database synchronisation and were ahead of the competition by some quantum. More than 2 results are available in the PRO version (This notice is only visible to admin users) Latest Posts Case Studies Spiritel Case Studies Mobestar Case Studies Passtech Overmach Group 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 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 Social Media Our Blog Related Case Studies View all Case Studies, M&A Managed Buy and Build Programme, Telecoms Spiritel December 2, 2025 Case Studies, Fund raising and listing, Software Mobestar December 2, 2025 Acquisition, Case Studies, Managed Services Callagenix December 2, 2025 Acquisition, Case Studies, Managed Services Callagenix December 2, 2025 Case Studies, Technology, Valuation and fundraising Passtech Overmach 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
Passtech Overmach 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 Valuation and fundraising Technology, Valuation and fundraising 2019 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 Valuation and fundraising The background Passtech Machine Tools is part of OVERMACH Group, operating in the Middle East for over 35 years with 50 Employees in 3 different strategically located Offices and 1600 sold machines. Passtech supplies global market leading products and support them with complete after sales and support function, embracing servicing, applications work and turnkey supply… bringing value for money and high technology for the whole Middle East region. The management team selected Evolution Capital to provide a structured and detailed valuation of the business, alongside guidance through the fundraising rounds. The challenge The international nature of this engagement meant there was an early reliance on Teams to deliver meetings and presentations to The shareholder objectives were to gain a full valuation of the business prior to a fundraising round. Due to the location of the company, our team worked with the shareholders of Passtech using technological approaches to deliver advice and guidance which then led to the company successfully raising funds. Advice, planning and preparation Duncan Gregory, Senior Transaction Advisor at Evolution Capital worked with the management team at Passtech to provide a detailed understanding of the risks and opportunities available to the business.Furthermore, Duncan provided a detailed business valuation to the shareholders,to understand the value of the business and create a solid foundation for and to underpin the fundraising rounds which later led to business acquisitions by the Passtech team. A successful outcome The Evolution Capital team pride ourselves on delivering outstanding attention to detail in our work, from analysing management accounts to services and company structure. Additionally, our ongoing research and analysis in the IT, Telecoms and Technology sector enables our advisors to fully understand the market in which we operate, and provide advice tailored not just to the individual company, but also the market in which it sits. Evolution Capital were delighted to advise with Passtech to deliver their business valuation and fundraising, which later led to a transaction. More than 2 results are available in the PRO version (This notice is only visible to admin users) Latest Posts Case Studies Passtech Overmach Group Acquisition Callagenix Case Studies Z1 Telecoms 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 Valuation and fundraising Social Media Our Blog Related Case Studies View all Case Studies, Technology, Valuation and fundraising Passtech Overmach Group December 2, 2025 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 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
Z1 Telecoms
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 MBO Management Buyout MBO Management Buyout, Telecoms 2016 <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=”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=”75″> Fundraising and M&A advice <lidata-term-id=”53″> IT <lidata-term-id=”62″> IT Managed Services <lidata-term-id=”61″> IT MSP <lidata-term-id=”60″> M&A Managed Buy and Build Programme <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=”57″> Technology <lidata-term-id=”7″> Telecoms Z1 Telecom, based in Derbyshire,is a company that provides telecommunication solutions to small and medium-sized businesses in the UK. founded by Ian Syddall founded Z1 Telecom Limited on 14th March 2002 with the sole purpose of bringing stable and tailored communication services to the SME business sector nationwide. Evolution Capital were delighted to have advised existing management of Z1 with buyout of a significant share of the company from the main shareholder. The Challenge The key objective of the shareholders when engaging with Evolution Capital was to implement a new equitable company structure following a high level strategic review and valuation of the business. The shareholders would also like advice with company re-structuring. Advice, planning and preparation Evolution Capital was selected as the chosen advisor to conduct a strategic review of the business, to understand the intrinsic value of the business, prior to advising the shareholders through a management buyout from the majority shareholder. The advice and services provided by our team included: · A high level valuation and strategic review of the business · An objective view of the business positioning,and analysis of opportunities for restructuring the business · Advice around tax implications A Successful outcome Evolution Capital were delighted to advise the shareholders of z1 through this management buyout. We pride ourselves on the meticulous attention to detail, and high-level strategic review we provide to our clients. Moreover, our specialist team of chartered accountants, transaction experts and sector specialists enable our team to provide a full, rounded and unparalleled level of advice, enabling our team to ensure outstanding outcomes for shareholders and management teams. More than 2 results are available in the PRO version (This notice is only visible to admin users) Latest Posts Disposal Z1 Telecoms Case Studies Lanway Business Sale Pipemedia Categories <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=”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=”75″> Fundraising and M&A advice <lidata-term-id=”53″> IT <lidata-term-id=”62″> IT Managed Services <lidata-term-id=”61″> IT MSP <lidata-term-id=”60″> M&A Managed Buy and Build Programme <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=”57″> Technology <lidata-term-id=”7″> Telecoms Social Media Our Blog Related Case Studies View all 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 Business Sale, Case Studies, Technology Caladan December 2, 2025 Business Valuation and Research, Case Studies, Telecoms Lixxus Communications Ltd 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
Lanway
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 Disposal Disposal, IT May 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 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 Background Lanway success in Chess move – Managing an efficient and profitable disposalLanway, an established £23m turnover, end-to-end IT solutions business, was sold to the Chess Group in May 2016. Having run Lanway since 1990, by mid-2015, the owners were ready to take advice on their exit strategy. With a specialist focus on the IT and telecoms sectors, comprehensive market knowledge and an excellent reputation, Evolution Capital brought exactly the skills the vendors needed to help maximise value from the sale of their business. Effective planning and preparationEvolution Capital’s unique approach started with a Strategic Review to ensure it comprehensively understood the business as well as the owners’ requirements right from the start. The review provided: Comprehensive advice on exit and value maximisation strategyGuidance on effectively removing any potential transaction issuesRealistic business valuationsFoundation for a formal sales process and the target market landscape.Lanway’s owners then made an informed decision to commence a sales process. Formal sale processEvolution Capital professionally prepared an anonymous teaser and a detailed Information Memorandum (“IM”), which helped to optimally present the opportunity to potential acquirers. This allowed prospective buyers to develop a clear and insightful view of Lanway and identify the possibility of creating additional value in their own businesses. Maximising value and finding the right buyer Evolution Capital’s comprehensive knowledge of the sector, extensive research capability and in-depth understanding of Lanway enabled it to identify a focused list of appropriate prospective buyers. The interest from numerous qualified potential acquirers led to a programme of meetings, followed by a review of numerous indicative offers. The competitive environment allowed the owners to drive up value and, eventually, move forward with a buyer that most suited their requirements. Evolution Capital fielded a team of the most appropriate professionals, including dealmakers, transaction specialists and solicitors in order to get the sale concluded on satisfactory terms. Evolution Capital fully managed the process and carried out the negotiations, allowing the vendors to continue with their daily tasks without distraction. About LanwayLanway was established in 1990 and is involved in business to business supply, installation and maintenance of end-to-end IT infrastructure and solutions, including managed services. SuccessThe transaction was successful and Lanway had completed its Chess move. The vendors have now moved on and, as well as appearing at Evolution Capital sector events and recommending the firm to their industry peers, are now focused on repeating the Lanway success with other non-competing business interests. Vernon Yerkess, Director, Lanway We could not have achieved this level of success without Evolution Capital. Their team was excellent throughout our 9-month engagement with them. From start to finish, they expertly dealt with everything. As a professional advisory firm focused on realising maximum value, they certainly delivered and I would highly recommend their unique approach and extremely experienced and capable team. More than 2 results are available in the PRO version (This notice is only visible to admin users) Latest Posts Case Studies Lanway Business Sale Pipemedia Acquisition Comms Group 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 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 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 Business Sale, Case Studies, Technology Caladan December 2, 2025 Business Valuation and Research, Case Studies, Telecoms Lixxus Communications Ltd 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
Pipemedia
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 Business Sale, Telecoms 2004 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 Our Blog Related Case Studies View all Business Sale, Case Studies, Telecoms Pipemedia December 2, 2025 Acquisition, Case Studies, Telecoms Comms Group December 2, 2025 Business Sale, Case Studies, Technology Caladan December 2, 2025 Business Valuation and Research, Case Studies, Telecoms Lixxus Communications Ltd December 2, 2025 Business Sale, Case Studies, Telecoms Club Communications 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
Caladan
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 Business Sale, Technology 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 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 Caladan was founded in 1999 by the Directors, initially providing news servers, Unix to Unix Copy Protocal (UUCP), email accounts and co-location services. The challenge Evolution Capital were selected by the shareholders of Caladan in 2005 to review the business and assist the business owners through a business sale process. With decades of experience operating and advising shareholders of the telecoms and technology sector, Evolution Capital have the network and sector-specific focus to deliver an objective and concise review of the business to best position it for the market, to maximise value for the shareholders. Advice, planning and preparation By undertaking a review of the business, new knowledge can be derived to further benefit the shareholders in the decision-making process. Moreover,an objective understanding of the opportunities and risks, alongside company performance enables our shareholders to gain great insight. We combine this expertise with thorough industry insight,gained from both established relationships in the space and constant exploration of the latest trends and changes in our sector. A successful outcome Nigel Cook, Managing Director of Evolution Capital commented“We were delighted to have advised the shareholders of Caladan through the sale of the business to HSO, and to have achieved outstanding outcomes for our clients.” More than 2 results are available in the PRO version (This notice is only visible to admin users) Latest Posts Business Sale Caladan Business Valuation and Research Lixxus Communications Ltd Business Sale Club Communications 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 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, Technology Caladan December 2, 2025 Business Valuation and Research, Case Studies, Telecoms Lixxus Communications Ltd December 2, 2025 Business Sale, Case Studies, Telecoms Club Communications December 2, 2025 Business Sale, Case Studies, Telecoms Margolis Technology December 2, 2025 Acquisition, Case Studies, Telecoms Lake Technologies 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
Lixxus Communications Ltd
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 Valuation and Research Business Valuation, Research, Telecoms 2006 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 Lixxus Communications, founded in London in 2005, is a specialist in ISP/ Telco, and a WAN, XaaS provider. The company set out to provide internet solutions to their customers. Founded by Joe Kelly, an entrepreneur operating within the TMT and Tech space. The challenge The technology sector continues to remain one of the strongest areas of investment for PE companies and investment firms. Furthermore,the stability of the sector provides further attraction to the SMEs searching for investment. Evolution Capital were selected by Kelly to conduct thorough market research to strategically position and grow the business, with potential plans for a business sale in the future. Advice, planning and preparation The Evolution Capital team work hard to create great synergies between business, to create the strongest deals, and ultimately grow business value most effectively. With decades experience operating within the sector,managing transaction processes, and providing advice to shareholders, the research conducted for the management team of Lixxus enabled the shareholdersto make informed decisions to benefit the company moving forward. Joe Kelly, founder and managing director of Lixxus Communications required specific understanding of the business opportunities available to the company. Evolution Capital delivered an in-depth review of thebusiness, understanding everything from management accounts, to customers and contracts. A successful outcome Evolution Capital were delighted to advise the shareholders of Lixxus in the strategic review of the business. Nigel Cook commented; “Our research team are extremely knowledgeable on the landscape of the market, the behaviours of key players and current multiples and trends. We know the sector, and our advice and outstanding outcomes achieved for our clients speaks for that.” Lixxus Communications, following the review by Evolution Capital, which enabled the shareholders of the business to develop and strategically grow the value before embarking on a business sale process the in 2011. More than 2 results are available in the PRO version (This notice is only visible to admin users) Latest Posts Business Valuation and Research Lixxus Communications Ltd Business Sale Club Communications Business Sale Margolis Technology 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 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 Valuation and Research, Case Studies, Telecoms Lixxus Communications Ltd December 2, 2025 Business Sale, Case Studies, Telecoms Club Communications December 2, 2025 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 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