M&A Deal Summary

Wireless Logic Group Acquires Jola Cloud Solutions

On July 13, 2022, Wireless Logic Group acquired internet software and services company Jola Cloud Solutions from BGF

Acquisition Highlights
  • This is Wireless Logic Group’s 3rd transaction in the Internet Software and Services sector.
  • This is Wireless Logic Group’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2022-07-13
Target Jola Cloud Solutions
Sector Internet Software and Services
Buyer(s) Wireless Logic Group
Sellers(s) BGF
Deal Type Add-on Acquisition

Target

Jola Cloud Solutions

Stapleford, United Kingdom
Jola Cloud Solutions is specializing in mobile data SIMs. We are a global eSIM MVNO, providing innovative IoT and mobile data solutions to MSPs, ISPs, IT Support companies and Telecommunications Resellers. Jola Cloud Solutions was founded in 2014 and is based in Stapleford, United Kingdom.

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Buyer(S) 1

Buyer

Wireless Logic Group

Berkshire, United Kingdom

Category Company
Founded 2000
Sector Information Technology
Revenue 8M GBP (2013)
DESCRIPTION

Wireless Logic Group is a machine-to-machine (M2M) managed services provider combining infrastructure, platforms and connectivity. Wireless Logic Group was founded in 2000 and is based in Berkshire, United Kingdom.


DEAL STATS #
Overall 11 of 14
Sector: Internet Software and Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 11 of 14
Country: United Kingdom M&A 2 of 3
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-13 Things Mobile

Milan, Italy

Things Mobile is a managed service provider that delivers connectivity for international customers across a wide range of IoT applications. Things Mobile was founded in 2017 and is based in Milan, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-19 Mobius Networks

Leicestershire, United Kingdom

Mobius Networks is a mobile virtual network operator, providing data connectivity services for Internet-of-Things (IoT) and Machine-to-Machine (M2M) applications across healthcare, transport and retail sectors. Mobius Networks was founded in 2004 and is based in Leicestershire, United Kingdom.

Buy -

Seller(S) 1

SELLER

BGF

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2011
PE ASSETS 2.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Business Growth Fund (BGF) is a private investment firm focused on early and growth-stage investing across the UK. The Firm also invests in publicly traded companies. BGF's growth team looks to invest £1 to £15 million in small to mid-sized companies looking for additional capital to pursue growth. BGF was established in 2011 and is headquartered in London.


DEAL STATS #
Overall 89 of 131
Sector: Internet Software and Services M&A 9 of 11
Type: Add-on Acquisition M&A Deals 47 of 70
Country: United Kingdom M&A 85 of 125
Year: 2022 M&A 18 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-13 Barburrito

Manchester, United Kingdom

Barburrito is an owner and operator of restaurants. Serving up fast, fresh, and healthy Mexican-inspired food, Barburrito has become a national brand and continues to roll out its restaurants across Britain. Barburrito was founded in 2002 and is based in Manchester, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 Rutland Cycling

Rutland, United Kingdom

Rutland Cycling sells bikes, cycling clothes, and accessories online and in its shops. The company also runs rides and events throughout the year and provides services such as bike workshops and hire, custom builds, and trade-in schemes. Rutland Cycling was founded in 1981 and is based in Rutland, United Kingdom.

Sell -