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
Key Perspectives in the Changing Marketplace | Risks & Opportunities in the Telecoms Sectors
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 Key Perspectives in the Changing Marketplace | Risks & Opportunities in the Telecoms Sectors Acquisition, Acquisition Strategy, Strategic review, Technology, Telecoms December 2, 2025 At the start of September, we were delighted to be joined by half a dozen leading serial acquirers of UK-based, Tech and ICT businesses at the Reform Club where we discussed the greatest risks and opportunities our sector faces in the forthcoming months. We asked them what strategies they had in dealing with inflation, and whether they expected to see rising prices for the services of IT and Telecoms companies. A huge thank you to everyone who joined us for the day, for sharing your insight and for making the event truly memorable. Thank you to our panel of experts for lending their knowledge, perspective and insight , Chris Russell, Executive Chairman of Arrow Business Communications, Peter Brotherton, CEO of Redcentric, Ian Mason, Director of Telecoms, Media and Technology at NatWest Group, David Pollock, Executive Chairman of Chess and Matthew Parker, CEO of Babble, and Ian Fishwick, Chairman of AdEPT Technology Group plc for joining Fraser Dixon and Nigel Cook at the Reform Club. More than 2 results are available in the PRO version (This notice is only visible to admin users) Categories Acquired (2) Acquisition (8) Acquisition Strategy (35) Analytic Services (4) Blog (36) Business Acquisition (2) Business Aquired (2) Business Sale (23) Business Valuation and Research (1) Buy-Side (1) Buy-side M&A advice (1) Buyside M&A (3) Case Studies (59) Disposal (6) Financial Due Diligence (2) Fund raising and listing (2) Fundraising (3) Fundraising and M&A advice (3) ICT (2) IT (4) IT Managed Services (3) IT MSP (2) M&A advice (2) M&A Managed Buy and Build Programme (5) Managed Service and Mobile (1) Managed Services (2) MBO Management Buyout (1) Media (1) Merger (1) Multiple R&D Tax Claims (1) Sell-Side (2) Sell-side M&A Advice (1) Software (1) Strategic review & business sale (2) Strategic Review & partial sale (1) Technology (6) Telecoms (30) Telephony (1) Transaction Support (1) Unified Comms (3) Valuation and fundraising (1) Social Media Our Blog Related Articles View all blog posts Acquisition Strategy, Blog Key Perspectives in the Changing Marketplace | Risks & Opportunities in the Telecoms Sectors December 2, 2025 Acquisition Strategy, Blog Key Perspectives in the Changing Marketplace | Buyer Insight into the performance of the ICT sector December 2, 2025 Acquisition Strategy, Blog Trends You Can Trust | Telecoms December 2, 2025 Acquisition Strategy, Blog Trends you can Trust | Cyber Security December 2, 2025 Acquisition Strategy, Blog Trends You Can Trust |Cyber Security December 2, 2025 What does Evolution Capital do? We specialise in advising Technology, IT and Telecoms business owners on business sales, acquisitions and strategic growth. Our work includes valuation, exit planning, due diligence, market intelligence and full end-to-end transaction support. What types of companies do you work with? We work exclusively with owner-managed and mid-market businesses in the Technology, IT, Telecoms and Managed Services sectors. Our clients typically generate between £2m–£50m+ in annual revenue. When is the right time to start planning a sale? We specialise in advising Technology, IT and Telecoms business owners on business sales, acquisitions and strategic growth. Our work includes valuation, exit planning, due diligence, market intelligence and full end-to-end transaction support. What does Evolution Capital do? We specialise in advising Technology, IT and Telecoms business owners on business sales, acquisitions and strategic growth. Our work includes valuation, exit planning, due diligence, market intelligence and full end-to-end transaction support. What does Evolution Capital do? We specialise in advising Technology, IT and Telecoms business owners on business sales, acquisitions and strategic growth. Our work includes valuation, exit planning, due diligence, market intelligence and full end-to-end transaction support. We specialise in advising Technology, IT and Telecoms business owners on business sales, acquisitions and strategic growth. Our work includes valuation, exit planning, due diligence, market intelligence and full end-to-end transaction support. We work exclusively with owner-managed and mid-market businesses in the Technology, IT, Telecoms and Managed Services sectors. Our clients typically generate between £2m–£50m+ in annual revenue. We specialise in advising Technology, IT and Telecoms business owners on business sales, acquisitions and strategic growth. Our work includes valuation, exit planning, due diligence, market intelligence and full end-to-end transaction support. We specialise in advising Technology, IT and Telecoms business owners on business sales, acquisitions and strategic growth. Our work includes valuation, exit planning, due diligence, market intelligence and full end-to-end transaction support. We specialise in advising Technology, IT and Telecoms business owners on business sales, acquisitions and strategic growth. Our work includes valuation, exit planning, due diligence, market intelligence and full end-to-end transaction support. FAQ Frequently Asked Questions 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
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
Adept Technology 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 M&A Managed Buy and Build Programme Technology, Telecoms 2005 – 2021 Background AdEPT Technology Group was founded in 2003 and provides managed services and telecoms solutions to over 12,000 commercial customers, both domestic and business, across the UK. Since 2005, Evolution Capital have developed and provided strategic business advice which have delivered outstanding outcomes for the shareholders of AdEPT Technology Group. To date, we are proud to have advised AdEPT Technology Group through sixteen successful business acquisition transactions. The Challenge Through a series of bespoke, value-enhancing programmes,strategic business advice combined with our unique understanding of the sector,derived from decades of experience and the tireless work undertaken by our analysts, dealmakers and chartered accountants, Evolution Capital have worked closely and consistently with AdEPT Technology Group, to ensure optimal outcomes for the shareholders and management teams, whilst delivering verified prospects to the acquisition criteria, with focus on synergy with acquisitions through value growth initiatives Advice, Planning and Preparation Meticulous planning is our forte, and through a bespoke methodology, combining a schedule of prospecting presentations developed by our deal originators, to ongoing understanding and analysis of the acquisition criteria and value-enhancement programmes, the Evolution Capital team advised the shareholders of Adept through an array of acquisitions of varying value,including the most recent acquisition of Datrix. The services our team provided included: · Weekly presentations to the shareholders and managements teams · Teasers and snapshots of businesses verified and qualified against the acquisition criteria · Ongoing analysis and market landscaping · A review of relevant financial and management information · A detailed risk analysis report · The preparation of all appropriate documentation Ian Fishwick, CEO of AdEPT commented: “The Datrix acquisition is the fourteenth transaction that we have completed with the advice and guidance of Evolution Capital. The best recommendation that I can give anyone when considering whether to engage with a professional adviser is that we continue to use Evolution Capital regularly and keep paying for them to deliver their services.” Maximising the value through business acquisition Throughout the 15+year relationship with Evolution Capital, AdEPT have completed north of 16 transactions with the advice and guidance of Nigel Cook and the team at Evolution Capital. Our unique approach, which combines the collaborative nature of our team of chartered accountants, transaction experts, sector specialists and analysts, is what sets us apart and allows us to deliver 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 Case Studies Adept Technology Group Buyside M&A Excalibur Acquisition Ridgewall 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 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 Business Sale, Case Studies, ICT Pescado December 2, 2025 Acquired, Case Studies Datrix 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
Ridgewall
Home Contact Us Home-version 2 Service page About Us Office Location Post template Home Contact Us Home-version 2 Service page About Us Office Location Post template Aquisition Acquisition, Telecoms 2020 Evolution Capital is delighted to announce its strategic review and three-year M&A, funding and advisory programme of London-based MSP Ridgewall has resulted in an investment in the business by leading private equity firm Inflexion. The private equity investment is being made by Inflexion Enterprise Fund V, Inflexion’s dedicated lower mid‐market fund. The firm has also backed Ridgewall’s simultaneous acquisition of QDOS, a specialist provider of managed IT and communications to the hospitality industry, including leading international hotel brands. Evolution Capital was commissioned in May 2017 to deliver a strategic review of Ridgewall in a bid to advise shareholders on which direction to take the business. The Evolution Capital advisory team explored various different strategic options including a sale, organic growth and a combination of acquisitions, funding and organic growth. This detailed review also included providing current and prospective valuations. Shareholders had a target valuation in mind, however the review indicated the business was short of that target. Evolution Capital therefore set out a range of plans and options to advise and help shareholders achieve their goal over an appropriate time period. The plan involved strategic M&A, funding and organic growth in value, including an increased focus on recurring revenue contracts as opposed to one-off and multi-service offerings.Acquisitions had to fit the right profile and enhance value, ideally with synergies as well. Ridgewall agreed with the plan and Evolution Capital set about advising on implementation. Acquisitions were made in 2018 (Connecting London, Telnet International) and 2019 (Nomis Connections), before the fourth acquisition (QDOS) at the same time as the partial sale to Inflexion last month. Ridgewall’s chief executive Dominic McAnaspie said: “Evolution Capital worked with us for two-and-a-half years and demonstrably enhanced value. The team’s thoroughness and attention to detail, their knowledge of the market and can-do attitude was exactly what we needed. The plan they put in place, with its focus on developing long-term customer relationships, enabled us to achieve our target valuation goal. Without Evolution Capital the deal with Inflexion would never have happened.” Evolution Capital advised on the four acquisitions, including introducing and advising on debt funding from Clydesdale Bank, as well as the investment by Inflexion.Ridgewall was established in 2011 and provides business critical services in IT, communication and cyber security to SMEs. QDOS-sbl is Ridgewall’s fourth acquisition in the last twelve months and enhances the company’s technical capability and international footprint as well as diversifying the client base. The combined group now employs over 100 people, servicing around 1,800 customers. Duncan Gregory, transaction services director at Evolution Capital, said: “We’re delighted to have advised Ridgewall throughout such an exciting time in the company’s journey. We believe the combined group is now well placed to grow capital for investors in an exciting sector through a buy-and-build strategy. We have seen for some time that the sector is somewhat fragmented, creating genuine opportunities for such a strategy.” More than 2 results are available in the PRO version (This notice is only visible to admin users) Latest Posts Acquisition Ridgewall Business Sale Pescado Acquired Datrix Categories Acquired Acquisition Analytic Services Business Acquisition Business Aquired Business Sale Business Valuation and Research Buy-Side Buy-side M&A advice Buyside M&A Case Studies Disposal Financial Due Diligence Fund raising and listing Fundraising and M&A advice ICT IT IT Managed Services IT MSP M&A Managed Buy and Build Programme Managed Services MBO Management Buyout Media Merger Multiple R&D Tax Claims Sell-Side Sell-side M&A Advice Software Strategic review & business sale Strategic Review & partial sale Technology Telecoms Telephony Unified Comms Valuation and fundraising Social Media Our Blog Related Case Studies View all Acquisition, Case Studies, Telecoms Ridgewall December 2, 2025 Business Sale, Case Studies, ICT Pescado December 2, 2025 Acquired, Case Studies Datrix December 2, 2025 Buy-side M&A advice, Case Studies Arrow December 2, 2025 Case Studies, Fundraising and M&A advice, Telephony Business Mobiles December 2, 2025 Request a Confidential Consultation Discover Your Business Value Start with a strategic assessment to understand your maximum potential valuation in the current market. Contact us now Company About Us Blogs Our Location Careers Our Services About Us Sell Side Buy Side Data Work Resources Faq Client Dashboard Support Our Location Contact Us (020) 3696 2810 Info@evolutioncapital.com 68 King William Street, London, EC4N 7HR The Granary, Oak Lane, Chichester, PO20 7FD Subscribe Subscribe to our newsletter
Centrix
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, IT, Telecoms 2015 Acquired Acquisition Analytic Services Business Acquisition Business Aquired Business Sale Business Valuation and Research Buy-Side Buyside M&A Case Studies Disposal Financial Due Diligence Fund raising and listing Fundraising and M&A advice ICT IT IT Managed Services IT MSP M&A Managed Buy and Build Programme Managed Services MBO Management Buyout Media Merger Multiple R&D Tax Claims Sell-Side Sell-side M&A Advice Software Strategic Review & partial sale Technology Telecoms Valuation and fundraising Background Centrix, based in Hampshire, is a specialist provider of complex unified communications, Avaya IP telephony, hosted IP solutions and managed services. Advice, Planning and Preparation Evolution Capital were delighted to have made introduced and guided the transaction process for the shareholders of Centrix, in the sale of the business to AdEPT. Evolution Capital has acted as exclusive corporate finance advisors in the acquisition of Centrix Limited. Completed on 1st May 2015, AdEPT have acquired the entire issued share capital of Centrix Limited, a UK based specialist provider of complex unified communications,Avaya IP telephony, hosted IP solutions and managed services. The deal is structured with an initial consideration of £7 million plus the adjusted cash balance of Centrix, payable in cash at completion. Further deferred variable consideration of up to £3.5 million is payable in cash dependent upon the trading performance of Centrix in the 12 months post-acquisition. A successful outcome “Evolution Capital’s sector knowledge was vital to finding the right partner for AdEPT. Evolution Capital’s transaction and industry experience added value throughout the acquisition process and their commitment helped us to achieve our overall goals and shareholder objectives,”said Mr Ian Fishwick, CEO of AdEPT. “We are pleased to have used our significant experience in the telecoms sector to play a part in this exciting transaction,” said Nigel Cook, Managing Director, Evolution Capital. More than 2 results are available in the PRO version (This notice is only visible to admin users) Latest Posts Business Sale Centrix Case Studies Nine Group Acquisition XLN Categories Acquired Acquisition Analytic Services Business Acquisition Business Aquired Business Sale Business Valuation and Research Buy-Side Buyside M&A Case Studies Disposal Financial Due Diligence Fund raising and listing Fundraising and M&A advice ICT IT IT Managed Services IT MSP M&A Managed Buy and Build Programme Managed Services MBO Management Buyout Media Merger Multiple R&D Tax Claims Sell-Side Sell-side M&A Advice Software Strategic Review & partial sale Technology Telecoms Valuation and fundraising Social Media Our Blog Related Case Studies View all Business Sale, Case Studies, Telecoms Centrix December 2, 2025 Case Studies, M&A Managed Buy and Build Programme, Telecoms Nine Group December 2, 2025 Acquisition, Case Studies, Telecoms XLN December 2, 2025 Business Sale, Case Studies, ICT ACR December 2, 2025 Business Aquired, Case Studies, Telecoms Shift7 December 2, 2025 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
Nine 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 M&A Managed Buy and Build Programme IT, M&A Managed Buy and Build Programme, Telecoms 2005 Acquired Acquisition Analytic Services Business Acquisition Business Aquired Business Sale Business Valuation and Research Buy-Side Buyside M&A Case Studies Disposal Financial Due Diligence Fund raising and listing Fundraising and M&A advice ICT IT IT Managed Services IT MSP M&A Managed Buy and Build Programme Managed Services MBO Management Buyout Media Merger Multiple R&D Tax Claims Sell-Side Sell-side M&A Advice Software Strategic Review & partial sale Technology Telecoms Valuation and fundraising The background Evolution Capital were delighted to be selected by Nine Group, formerly known as Nine Telecom, to advise the shareholders and management team through a value enhancing programme of business acquisitions, to see the company evolve into a wholesale company. The challenge Working closely with shareholders and building trusting relationships with business owners is never easy. Due to our longstanding network in the sector, combined with our extensive knowledge of the sector and transaction know-how, Evolution Capital work hard to create seamless synergies for our acquirers, and our strategic review Advice, planning and preparation Our first deal within the sector, Nine Telecom not only engaged with Evolution Capital to provide the essential advice and guidance to guide the management team through a successful series of acquisitions, Grahame Purvis,Co-Founder and Chairman of Evolution Capital, worked closely with the management team at Nine to ensure the seamless integration of the businesses acquired alongside management advice delivered to the shareholders. Grahame Purvis, with the Evolution Capital team, then led the business through 12 acquisitions,to include Dataflow, Shipton Communications, and Club Communications, to name a few. Our advice and acquisitions made on behalf of the shareholders of Nine resulted in the increase of the business value, leading to the eventual sale of the company to Onecom. A successful outcome Evolution Capital were honoured to have been chosen by Nine Group to assist their team on their acquisitive trail and journey to value growth for the business. More than 2 results are available in the PRO version (This notice is only visible to admin users) Latest Posts Case Studies Nine Group Acquisition XLN Business Sale ACR Categories Acquired Acquisition Analytic Services Business Acquisition Business Aquired Business Sale Business Valuation and Research Buy-Side Buyside M&A Case Studies Disposal Financial Due Diligence Fund raising and listing Fundraising and M&A advice ICT IT IT Managed Services IT MSP M&A Managed Buy and Build Programme Managed Services MBO Management Buyout Media Merger Multiple R&D Tax Claims Sell-Side Sell-side M&A Advice Software Strategic Review & partial sale Technology Telecoms Valuation and fundraising Social Media Our Blog Related Case Studies View all Case Studies, M&A Managed Buy and Build Programme, Telecoms Nine Group December 2, 2025 Acquisition, Case Studies, Telecoms XLN December 2, 2025 Business Sale, Case Studies, ICT ACR December 2, 2025 Business Aquired, Case Studies, Telecoms Shift7 December 2, 2025 Acquisition, Case Studies, Managed Services Callagenix December 2, 2025 Request a Confidential Consultation Discover Your Business Value Start with a strategic assessment to understand your maximum potential valuation in the current market. Contact us now Company About Us Blogs Our Location Careers Our Services About Us Sell Side Buy Side Data Work Resources Faq Client Dashboard Support Our Location Contact Us (020) 3696 2810 Info@evolutioncapital.com 68 King William Street, London, EC4N 7HR The Granary, Oak Lane, Chichester, PO20 7FD Subscribe Subscribe to our newsletter
XLN
Home Contact Us Home-version 2 Service page About Us Office Location Post template Home Contact Us Home-version 2 Service page About Us Office Location Post template Aquisition Acquisition, Telecoms 2009 Acquired Acquisition Analytic Services Business Acquisition Business Aquired Business Sale Business Valuation and Research Buy-Side Buyside M&A Case Studies Disposal Financial Due Diligence Fund raising and listing Fundraising and M&A advice ICT IT IT Managed Services IT MSP M&A Managed Buy and Build Programme Managed Services MBO Management Buyout Media Merger Multiple R&D Tax Claims Sell-Side Sell-side M&A Advice Software Strategic Review & partial sale Technology Telecoms Valuation and fundraising Background XLN Telecom is a provider of utility services to small businesses in the UK, targeting businesses with one or two connections typically. Christian Nelleman, founder and CEO of XLN Telecom established the business in 2002, alongside building an award-winning management team, to improve the telecoms services available to the SME market. Following an investment of £6m from Zeus in 2008, as part of a management buyout in January, Zeus invested a further £2 million to support XLN’s acquisition of One Bill Telecom in 2009, which boosted its customer numbers by around 25,000. Evolution Capital worked alongside the shareholders of the XLN Telecom to offer strategic advice surrounding the acquisition of the telecoms provider One Bill. The Challenge Through a bespoke value enhancing programme, combined with our unique understanding of the sector, derived from decades of experience and the tireless work undertaken by our analysts, Evolution Capital worked closely with Christian Nelleman, the shareholders of XLN, to ensure the optimal outcome whilst delivering verified prospects to the acquisition criteria, with focus on synergy with acquisitions. Advice, Planning and Preparation The transaction team at Evolution Capital provided face to face meetings with the shareholders of XLN, to establish: • A comprehensive review to fully understand the business and its intrinsic value • Guidance on effectively removing any potential transaction issues • A foundation for a formal acquisition process and the target market landscape. • An M&A strategy and plan. • Maximising the value through business integration Maximising the value through business acquisition As a result of the acquisition of One Bill, XLN now has more than 110,000 SME customers, having successfully integrated One Bill’s 25,000 customers within a three-month period, and turnover doubled to £54 million in two years. Profit stood at £13 million, up 800 per cent, in 2009/10. The firm now employs 180 staff at its head office and recorded a turnover of £54 million in the year to March 2010, revenues having grown substantially from £27 million in 2007. The Evolution Capital team are delighted to have advised the shareholders of XLN through the successful acquisition of One Bill, set to seethe business double it’s turnover and customer base in a matter of months. Christian Nellemann, founder and Group CEO of XLN,commented: “By taking a completely fresh approach, we have been able to transform a niche and historically overlooked sector of the market. We have been able to achieve this by combining best quality products with best value pricing and industry leading customer service standards. As a result, we now have a highly profitable and scalable business that will allow us to rapidly expand the range of services we deliver to the small business market. We are delighted that ECI will be a key part of the business’s exciting next chapter given the opportunities for consolidation within our sector.” More than 2 results are available in the PRO version (This notice is only visible to admin users) Latest Posts Acquisition XLN Business Sale ACR Business Aquired Shift7 Categories Acquired Acquisition Analytic Services Business Acquisition Business Aquired Business Sale Business Valuation and Research Buy-Side Buyside M&A Case Studies Disposal Financial Due Diligence Fund raising and listing Fundraising and M&A advice ICT IT IT Managed Services IT MSP M&A Managed Buy and Build Programme Managed Services MBO Management Buyout Media Merger Multiple R&D Tax Claims Sell-Side Sell-side M&A Advice Software Strategic Review & partial sale Technology Telecoms Valuation and fundraising Social Media Our Blog Related Case Studies View all Acquisition, Case Studies, Telecoms XLN December 2, 2025 Business Sale, Case Studies, ICT ACR December 2, 2025 Business Aquired, Case Studies, Telecoms Shift7 December 2, 2025 Acquisition, Case Studies, Managed Services Callagenix December 2, 2025 Acquisition, Case Studies, Managed Services Callagenix December 2, 2025 Request a Confidential Consultation Discover Your Business Value Start with a strategic assessment to understand your maximum potential valuation in the current market. Contact us now Company About Us Blogs Our Location Careers Our Services About Us Sell Side Buy Side Data Work Resources Faq Client Dashboard Support Our Location Contact Us (020) 3696 2810 Info@evolutioncapital.com 68 King William Street, London, EC4N 7HR The Granary, Oak Lane, Chichester, PO20 7FD Subscribe Subscribe to our newsletter
Shift7
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 Acquired Telecoms 2016 Acquired Acquisition Analytic Services Business Acquisition Business Aquired Business Sale Business Valuation and Research Buy-Side Buyside M&A Case Studies Disposal Financial Due Diligence Fund raising and listing Fundraising and M&A advice IT IT Managed Services IT MSP M&A Managed Buy and Build Programme Managed Services MBO Management Buyout Media Merger Multiple R&D Tax Claims Sell-Side Sell-side M&A Advice Software Strategic Review & partial sale Technology Telecoms Valuation and fundraising Our Blog Related Case Studies View all Business Aquired, Case Studies, Telecoms Shift7 December 2, 2025 Business Aquired, Case Studies, Telecoms Shift7 December 2, 2025 Acquisition, Case Studies, Managed Services Callagenix December 2, 2025 Acquisition, Case Studies, Managed Services Callagenix December 2, 2025 Acquisition, Case Studies, Managed Services Callagenix December 2, 2025 Request a Confidential Consultation Discover Your Business Value Start with a strategic assessment to understand your maximum potential valuation in the current market. Contact us now Company About Us Blogs Our Location Careers Our Services About Us Sell Side Buy Side Data Work Resources Faq Client Dashboard Support Our Location Contact Us (020) 3696 2810 Info@evolutioncapital.com 68 King William Street, London, EC4N 7HR The Granary, Oak Lane, Chichester, PO20 7FD Subscribe Subscribe to our newsletter
Icom
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 Strategic Review & partial sale Strategic Review & partial sale, Telecoms January 2018 Acquired Acquisition Analytic Services Business Acquisition Business Aquired Business Sale Business Valuation and Research Buy-Side Buyside M&A Case Studies Disposal Financial Due Diligence Fund raising and listing Fundraising and M&A advice IT IT Managed Services IT MSP M&A Managed Buy and Build Programme Managed Services MBO Management Buyout Media Merger Multiple R&D Tax Claims Sell-Side Sell-side M&A Advice Software Strategic Review & partial sale Technology Telecoms Valuation and fundraising Background John started Icom with the help of his wife in 1990, using their family home in Kent as their office. This was Donoghue’s first foray into the world of entrepreneurialism, stepping away from his job with Bailey Telecom. Icom started by subcontracting engineering to others. Very soon Icom grew and expanded to surpass some of the contracting dealers they worked for. Donoghue said: “From the beginning I took all necessary steps to establish Icom in line with the old fashioned values of service and professionalism, with a high degree of flexibility, making sure we meet all customer needs.” That ethos has served Donoghue and Icom well over the years. Some 25 years later, the business is a highly profitable operation looking for options to develop and enhance its position and build on their successful organic growth. The challenge Icom’s management team had remained unchanged since the mid 90s. The business was financially secure and had a good relationship with a growing list of well-known customers. However, the size of the operation was occasionally questioned by some procurement managers. Additionally, the market was changing, and its proposition had to evolve accordingly without losing the company’s core values. Donoghue knew the company needed to change by expanding its management skills and product portfolio to maintain and enhance its growth trajectory. Ultimately, the management team considered a partial exit or merger with a larger entity as the solution. Donoghue explained: “Once the decision was made, I then started to look for business advisers who could have the correct input and hold our hands to find the appropriate partner”. Advice, planning and preparation Icom approached a number of recognised business advisors – all experts in the TMT sector. A shortlist of three was made and Evolution Capital was one. Donoghue said: “From the outset Evolution Capital was the one I felt most comfortable with. The team understood our marketplace well and took a great deal of time and effort considering our requirements in finding the best partner for us. Although realising capital was important, so was finding a partner who shared our values – specifically in the area of customer and staff care”. Evolution Capital carried out a detailed study of all the company’s operations, finances and transactions to: • Highlight the areas needing immediate changes in order to attract a buyer• Detail an anticipated valuation after implementing the recommendations• Identify the opportunities for up-selling and cross-selling for a potential acquirer Maximising the value through business change Evolution Capital identified where changes were needed to interest the right buyer on the best terms. Icom implemented the recommended changes and immediate benefits started to accrue: 1. Major changes in the F&A process delivered significant cost savings2. Fundamental business processes were improved delivering further cost benefits3. A greatly enhanced adjusted EBITDA was made as a direct result of the new streamlined approach4. An increased valuation for the whole business from the resultant changes Donoghue added: “Prior to Evolution’s strategic review we had some very general ideas about a way forward but the study really focussed us on what sort of partner we needed, and what we had to do to attract one. The company needed a buyer with the right culture and ethos to make it a win/win for both of us. The review highlighted the areas where obvious changes were necessary and once made we immediately started to get positive results. It was a great piece of work.” A successful outcome Evolution Capital moved onto the next part of the engagement and produced an Information Memorandum (IM) to start the marketing process and identify appropriate buyers. Initially 12 interested parties were identified and were invited to meet with Icom over a three-day period. This exercise produced six indicative offers – all in line with the valuation given in Evolution’s strategic review. Each buyer was then invited to propose the details of their offer and a short-list of three was drawn up. After more detailed meetings the company found the buyer they were looking for, at a price and terms they were seeking. Donoghue said: “ I was delighted to agree on terms with Bahman Rahimi of BDR Voice and Data Solutions who bought 60% of Icom Holdings. Evolution Capital played a key and pivotal role in helping me select one of the best and most suitable companies to align Icom with. With the benefit of the enlarged organisation, new management team, expanded product and services portfolio, Icom are in a much better position to address their markets with much more ease and belief.” The deal, as reported in Comms Dealer last year, has provided Icom with, amongst other things, much-needed sales and marketing expertise. BDR and Icom benefitted from two good cultures and the fusion of these has created a new, dynamic, energetic and exciting work environment for all staff to practice their skills in the best way possible. The next chapter Icom is now an impressive organisation employing 150 staff with a growing customer list from across the UK and Europe, including international retailers, global electronic giants, the NHS and other public sectors. The company has diversified its portfolio of services to include supply of hardware, in-house hosted solutions, total IT infrastructure design and implementation, mobile, structured cabling, fire safety, security systems, MSP, MSA and full data centre resilience.