Our Corporate Finance team advises Babble on its acquisition of NTE

Our Corporate Finance team recently provided financial due diligence advice to leading UK telecoms provider Babble on their acquisition of NTE Limited, a communications and IT reseller based in Sunderland, specialising in business connectivity, UCaaS, data, mobile, and network security solutions.

Babble has now completed eight transactions in the first half of 2023, adding nearly 4,000 customers, following the previously announced Midland Comms, Cloudstream Technology, TechQuarters and Stonegate deals, and is planning an even busier second half of 2023.

Babble’s CEO, Matt Parker, explains the success of the buy and build strategy, “Now more than ever, businesses are recognising the importance of technology in accelerating business productivity and profitability. Our buy and build strategy bring together best-in-class cloud solutions and expertise across the UK, strengthening our national presence and ensuring our customers receive the support they need at a local level.

“The start of this year has been busy for Babble, with eight acquisitions and investment in additional resources, capacity, capability, and expertise to serve our growing customer base. We’re set to build on this success with further expansion in 2023 and remain on track for a record M&A year for Babble.”

The team at James Cowper Kreston was led by Brad McAvoy, who commented, “We were very pleased to work with the team at Babble for the fourth time, supporting them with their acquisition strategy as they build a leading national Cloud Service Provider and we’re excited to see what they do next.”