M&A Managed Buy and Build Programme

The background

SpiriTel CEO Alastair Mills is a successful national provider of converged voice, data and mobile communications with significant major account wins under their belt in a very short time.

The challenge

The shareholders of Spiritel selected Evolution Capital to research and identify acquisition opportunities, and to assist and advise the business owners in the purchase of and investment in multiple acquisitive opportunities to enhance the business value.

Funded by Glasgow-based Penta Capital, Spiritel were searching for synergistic opportunities within the telecoms and telephony market.Evolution Capital were appointed to undertake key project management, alongside providing strategic business advice throughout the process.

Advice, planning and preparation

From understanding the shareholder goals and ambitions, to identifying qualifying targets, to negotiating HoT, Evolution Capital were chosen by the shareholders and management team of SpiriTel to assist the shareholders in their acquisitive journey towards value enhancement and growth. Throughout the course of the relationship, Nigel Cook, managing director of Evolution Capital,advised the shareholders through a total of four successful acquisitions of telecoms businesses based in the UK, including the purchase of Net:Telecom.

A successful outcome

Evolution Capital are proud to have assisted and advised the business owners of Spiritel in their journey towards value growth. With over two decades experience, advising clients exclusively in the IT, TMT and Technology sectors, our vast network and understanding of the market landscape, enables our advisors to provide essential, concise and educated advice, exceeding the aspirations of our clients.

Following the acquisitions advised by Evolution Capital, Spiritel successfully sold the business to Daisy in 2010 for over £33m