Announced
Financials
Tags
Digital Services
Private
Friendly
Acquisition
Domestic
Disposal
United Kingdom
Minority
Pending
Private Equity
digital solutions
Single Bidder
Synopsis
Private equity firm Inflexion agreed to acquire a minority stake in the Digital Wholesale Solutions division of Oakley-backed Daisy Group, a British company that sells Internet and telecommunications services, including internet hosting, broadband Internet connections, and VOIP, at a £1bn valuation. "Since setting up Daisy in 2001, the Group has gone from strength to strength, adapting and seizing opportunities brought about by evolving technology and regulation. I believe that now is the right time for DWS to become an independent company and I look forward to partnering with Inflexion as DWS continues to grow and develop," Matthew Riley, Daisy Group Chairman.
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