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Announced

BGF to acquire a minority stake in Calnex Solutions.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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IOT testing

Venture Capital

Software

Private Equity

mobile infrastructure

Single Bidder

Private

Friendly

United Kingdom

enterprise solutions

Pending

synchronous ethernet

Acquisition

Minority

Domestic

Synopsis

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BGF, a private equity firm, agreed to acquire a minority stake in Calnex Solutions, a developer of testing and measuring solutions for evaluating the performance of Ethernet synchronization and OAM technologies. Financial terms were not disclosed. “We are delighted to announce our proposed placing and admission to AIM and grateful for the support from our existing and new investors, such as BGF. The move onto the public markets will provide us with new capital, a raised profile and enhanced ability to execute on acquisitions, as we seek to capture an increased share of the growing market for telecoms test solutions," Tommy Cook, Calnex Founder and CEO.

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