Home
 » ISP News » 
Sponsored

Business UK ISP Wavenet Acquired by Macquarie Capital

Thursday, May 20th, 2021 (8:08 am) - Score 792
wavenet-uk

Business focused broadband ISP and technology provider, Wavenet (Wavenet Group Holdings Limited), has today become the subject of a majority acquisition by Macquarie Capital for an undisclosed sum, which it’s hoped will help the operator to continue its positive trend of future growth.

At present Wavenet, which was formed in 2000, has over 8,000 customers (i.e. small and medium-sized UK businesses and public sector bodies) and employs over 200 people including 100 trained support staff and engineers. The provider also has offices in Solihull, Chester, Norwich, Cardiff, St Albans and Nottingham, while their HQ is in Birmingham.

Over the past five years, Wavenet has grown rapidly from £14m turnover in 2016 to over £60m in 2021, through a mixture of acquisitions and organic growth. Macquarie Capital has now acquired the majority stake in the business previously held by Beech Tree Private Equity.

Bill Dawson, CEO of Wavenet, said:

“I am extremely grateful for Beech Tree’s support and advice over the last five years, the team have been integral in empowering the expansion and development which has resulted in our fantastic growth. As a team, we are excited to continue to build on this growth as we enter our new partnership with Macquarie. I am confident that the passion and quality of our people, management and infrastructure combined with Macquarie’s experience will drive us to even greater success in the future.”

Adam Joseph, Head of Private Equity for Macquarie Capital Principal Finance Europe, said:

“We are delighted to partner with the Wavenet team and help them continue their strong growth trajectory. This investment provides us with a unique opportunity to deploy our flexible capital to grow a leading UK technology service provider at a time when organisations across the country are looking for increasingly innovative technology solutions.

Wavenet’s focus on supporting companies through their digital transformation is an important and valuable one as businesses grasp the opportunities from future technologies. We are looking forward to using our experience from growing other UK businesses to support the development of Wavenet both from an organic and acquisitive standpoint.”

End.

Leave a Comment
0 Responses

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comments RSS Feed

Javascript must be enabled to post (most browsers do this automatically)

Privacy Notice: Please note that news comments are anonymous, which means that we do NOT require you to enter any real personal details to post a message. By clicking to submit a post you agree to storing your comment content, display name, IP, email and / or website details in our database, for as long as the post remains live.

Only the submitted name and comment will be displayed in public, while the rest will be kept private (we will never share this outside of ISPreview, regardless of whether the data is real or fake). This comment system uses submitted IP, email and website address data to spot abuse and spammers. All data is transferred via an encrypted (https secure) session.

NOTE 1: Sometimes your comment might not appear immediately due to site cache (this is cleared every few hours) or it may be caught by automated moderation / anti-spam.

NOTE 2: Comments that break our rules, spam, troll or post via known fake IP/proxy servers may be blocked or removed.
Cheapest Superfast ISPs
  • Hyperoptic £20.00 (*25.00)
    Speed 50Mbps, Unlimited
    Gift: None
  • Plusnet £21.95 (*38.20)
    Speed 36Mbps, Unlimited
    Gift: £50 Reward Card
  • Vodafone £22.00 (*25.00)
    Speed 35Mbps, Unlimited
    Gift: None
  • NOW £23.00 (*32.00)
    Speed 36Mbps, Unlimited
    Gift: None
  • TalkTalk £23.00 (*29.95)
    Speed 38Mbps, Unlimited
    Gift: None
Large Availability | View All
New Forum Topics
Cheapest Ultrafast ISPs
  • Community Fibre £25.00 (*29.50)
    Speed: 150Mbps, Unlimited
    Gift: First Month Free
  • Hyperoptic £25.00 (*35.00)
    Speed: 150Mbps, Unlimited
    Gift: None
  • Gigaclear £26.00 (*54.00)
    Speed: 400Mbps, Unlimited
    Gift: None
  • Virgin Media £26.00 (*52.00)
    Speed: 108Mbps, Unlimited
    Gift: None
  • Vodafone £26.00 (*29.00)
    Speed: 100Mbps, Unlimited
    Gift: None
Large Availability | View All
The Top 20 Category Tags
  1. FTTP (3398)
  2. BT (2984)
  3. Politics (1891)
  4. Building Digital UK (1889)
  5. FTTC (1872)
  6. Openreach (1796)
  7. Business (1641)
  8. Mobile Broadband (1443)
  9. Statistics (1388)
  10. FTTH (1363)
  11. 4G (1249)
  12. Fibre Optic (1150)
  13. Virgin Media (1139)
  14. Wireless Internet (1135)
  15. Ofcom Regulation (1126)
  16. Vodafone (822)
  17. EE (816)
  18. TalkTalk (750)
  19. 5G (735)
  20. Sky Broadband (731)
Promotion
Helpful ISP Guides and Tips
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
Sponsored

Copyright © 1999 to Present - ISPreview.co.uk - All Rights Reserved - Terms , Privacy and Cookie Policy , Links , Website Rules , Contact