M&A Deal Summary

Wavenet Acquires AdEPT Technology Group

On April 14, 2023, Wavenet acquired communications company AdEPT Technology Group for 50M GBP

Acquisition Highlights
  • This is Wavenet’s 3rd transaction in the Communications sector.
  • This is Wavenet’s largest (disclosed) transaction.
  • This is Wavenet’s 5th transaction in the United Kingdom.

M&A Deal Summary
Date 2023-04-14
Target AdEPT Technology Group
Sector Communications
Buyer(s) Wavenet
Deal Type Add-on Acquisition
Deal Value 50M GBP
Advisor(s) Houlihan Lokey (Financial)
Cripps (Legal)

Target

AdEPT Technology Group

Tunbridge Wells, United Kingdom
AdEPT Technology Group is a provider of a switch-less telecommunication reseller voice telephony services to over 50.000 customers, including both domestic UK-consumers and businesses. AdEPT Technology Group was founded in 2003 and is based in Tunbridge Wells, the United Kingdom.

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Buyer(S) 1

Buyer

Wavenet

Solihull, United Kingdom
Category Company
Founded 2000
Sector Communications
DESCRIPTION

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.

DEAL STATS #
Overall 5 of 7
Sector (Communications) 3 of 3
Type (Add-on Acquisition) 5 of 7
Country (United Kingdom) 5 of 7
Year (2023) 1 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-19 Qubic Group

St Albans, United Kingdom

Qubic Group Plc is a cloud voice and data company. Qubic provides a range of cloud services; computing, telephony, cybersecurity, and continuity along with the associated connectivity, support and professional services. The cloud services are delivered through a combination of Private and Public Cloud which includes Qubic’s Cloud Nexus and other cloud providers such as Microsoft Azure, AWS and HPE’s Greenlakes. Qubic Group was founded in 1995 and is based in St Albans, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-27 Axial Systems

Maidenhead, United Kingdom

Axial Systems is a provider of portable and distributed solutions for network management, analysis, and security. Axial Systems was founded in 1988 and is based in Maidenhead, United Kingdom.

Buy -
Mergr

Product

Company

Legal