Penta Capital backed an experienced telecoms management team for the second time in June 2011 to create a market-leading integrated managed data services provider targeting the UK corporate market.
Penta backed the team to execute a buy-and-build strategy from scratch, investing in excess of £50m. Management made 13 acquisitions and delivered strong organic growth, creating a business with over £70m of revenues and an operating profit approaching £20m.
In June 2015 the business was sold to US private equity firm, delivering returns of 2.7x our investment.