M&A Deal Summary

Macquarie Capital Acquires Wavenet

On May 20, 2021, private equity firm Macquarie Capital acquired communications company Wavenet from Beech Tree Private Equity

Acquisition Highlights
  • This is Macquarie Capital’s 2nd transaction in the Communications sector.
  • This is Macquarie Capital’s 5th transaction in the United Kingdom.

M&A Deal Summary
Date 2021-05-20
Target Wavenet
Sector Communications
Buyer(s) Macquarie Capital
Sellers(s) Beech Tree Private Equity
Deal Type Secondary Buyout

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

Macquarie Capital

Investor Investor

Category Private Equity Firm
Size Mega
Type Sector Agnostic
DESCRIPTION

Macquarie Capital is the principal investing arm of financial services company Macquarie Group. Macquarie Capital has global capability in advisory, capital raising services, and provides clients with specialist expertise, advice and flexible capital solutions across a range of sectors and products including investing alongside partners and clients. Macquarie Capital is based in Sydney, Australia.

DEAL STATS #
Overall 22 of 29
Sector (Communications) 2 of 2
Type (Secondary Buyout) 4 of 8
Country (United Kingdom) 5 of 7
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-17 Premier Technical Services Group

Castleford, United Kingdom

Premier Technical Services Group (PTSG) is a provider of specialist services to the FM and construction sectors, offering a range of industry-leading services across its four divisions: PTSG Access & Safety Ltd, PTSG Electrical Services Ltd, PTSG Building Access Specialists Ltd, and PTSG Fire Solutions Ltd. The company's highly-trained teams offer full UK coverage to clients in all industries. Premier Technical Services Group was formed in 2007 and is headquartered in Castleford, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-12 Autostrade per l Italia

Rome, Italy

Autostrade per l'Italia is a construction and management of toll road operators, managing more than 3,000 kilometres of toll roads. Autostrade per l'Italia was founded in 1950 and is based in Rome, Italy.

Buy -

Seller(S) 1

SELLER

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 1 of 4
Sector (Communications) 1 of 1
Type (Secondary Buyout) 1 of 3
Country (United Kingdom) 1 of 4
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-19 Performanta

Maidenhead, United Kingdom

Performanta is a global provider of managed cybersecurity services to enterprise customers. The company provides an end-to-end security solution for customers advising on security strategies as well as monitoring their environments 24/7 including full MDR and Incident Response services. Performanta was formed in 2010 and is based in Maidenhead, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-03 Ancoris

Bracknell, United Kingdom

Ancoris is a pure-play Google Cloud expert that delivers its magic through Data and AI, as well as modernization of applications, infrastructure, and workspaces. During its 10+ years as a pure-play Google Cloud partner, Ancoris has developed valuable IP, which helps its customers accelerate their cloud adoption journey, and in turn realize value faster. Ancoris was formed in 2003 and is based in Bracknell, United Kingdom.

Buy -
Mergr

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