M&A Deal Summary

Beech Tree Private Equity Acquires Wavenet

On August 11, 2016, private equity firm Beech Tree Private Equity acquired communications company Wavenet for 35M GBP

Acquisition Highlights
  • This is Beech Tree Private Equity’s 1st transaction in the Communications sector.
  • This is Beech Tree Private Equity’s 0th largest (disclosed) transaction.
  • This is Beech Tree Private Equity’s 3rd transaction in the United Kingdom.
Investment Fate
  • Wavenet was sold to a consortium of financial buyers in 2021.

M&A Deal Summary
Date 2016-08-11
Target Wavenet
Sector Communications
Buyer(s) Beech Tree Private Equity
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 35M GBP
Advisor(s) Orbis Partners (Financial)
Higgs (Legal)

Target

Wavenet

Solihull, United Kingdom
Wavenet is a multi-award-winning provider of telecoms and technology solutions serving thousands of small and medium-sized businesses and enterprises across the United Kingdom (UK). Wavenet has built on a solid foundation for growth over the last five years, with a focus on future technologies and digital transformation that will drive the industry and its customers. The new partnership with Macquarie Capital will boost this growth potential, by providing both expertise and flexible growth capital. This will enable more investment in the people at Wavenet and provide a renewed focus on strategic acquisitions. Wavenet was formed in 2000 and is based in Solihull, United Kingdom.

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Buyer(S) 1

Buyer

Beech Tree Private Equity

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
Size Small
Type Sector Agnostic
DESCRIPTION

Beech Tree is a private equity firm focused on investing in and partnering with mid-sized businesses in the support services, technology, consumer, financial services, and healthcare sectors. The Firm will consider opportunities throughout the UK and looks to commit £10 to £30 million per transaction. Prospective transaction situations include owners looking to exit, management buyouts, and acquisition/expansion financings. Beech Tree was established in 2014 and is headquartered in Wilmslow, England.

DEAL STATS #
Overall 3 of 14
Sector (Communications) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
Country (United Kingdom) 3 of 13
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-02 Fluent Money

Horwich, United Kingdom

Fluent Money is an online finance broker in the UK. From its origins specialising in secured loans, Fluent has now expanded its offering to include mortgages, equity release, bridging loans and insurance to become one of the fastest growing finance brokers in the UK. Fluent Money is based in Horwich, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-03 Learnlight

Madrid, Spain

Learnlight is an EdTech company that provides language and skills training. The Company has developed a learning platform to deliver blended virtual, face-to-face, and digital training programs to employees of regional and global businesses. Learnlight is based in Madrid, Spain.

Buy -
Mergr

Product

Company

Legal