// January
Press ReleasesThe Thames Valley and South Coast Corporate Finance team of James Cowper Kreston LLP has secured the sale of Reading-based Aggregated Telecom for an undisclosed sum. Acting on behalf of the company’s owner, James Cowper Kreston sold 8el to Selection Services, backed by Palatine Private Equity.
Founded in 2001 by Justin Hamilton-Martin, Aggregated Telecom which trades as 8el, is a leading networking, connectivity, voice and hosted telephony service provider to over 40,000 users across the UK. The sale was agreed and finalised on 23 January. Together the companies will boast revenues of £37m and around 400 employees.
The James Cowper Kreston team was led by Stuart Williams with support from Jazz Kang.
Commenting on the sale, Stuart Williams said: “We are very pleased to complete the disposal. We see Selection as the perfect fit for 8el and the sale will allow the combined group to provide a wider service offering to its customer base.”
Nick Rogers, Head of Corporate Finance at James Cowper Kreston commented: “This deal is the fourth closed in the last few weeks and gets the team off to a great start in 2013. With a strong and building list of current engagements as well as some exciting prospects in the pipeline we are optimistic for the year ahead.”
Justin Hamilton-Martin, managing director of 8el, commented: “We are delighted to have concluded the deal and take our place as an integral part of Selection Services going forward. I would like to thank James Cowper Kreston’s Corporate Finance team for the way they managed the transaction. The commitment, skills and experience they brought to the table were invaluable. Without them, this extremely complex deal would not have completed.”
Justin continued: “Our services are perfectly complementary to those already established within Selection’s portfolio. This position fills me with significant confidence as it enables us to present a very powerful proposition to our combined clients. It truly enables us to promote a ‘single technology partner’ status.”
Nick Rogers, Partner, James Cowper Kreston LLP, Tel: +44 (0)118 9590261 or email
