BGF to acquire a minority stake in Calnex Solutions.

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.