SECTOR

Telecommunications

BUSINESS DESCRIPTION

Carve-out of loss making division and accelerated sale to a UK based PE house. ​

DATE

June 2020​

SITUATION

• A&M was engaged to assist management run a sales process of a loss-making division within this private equity owned multi-billion-Euro industrial group. The loss-making division was a provider of distributed antenna systems and commercial cellular systems.

• Employing approximately 95 people in the UK, it enlisted consultants who provided assistance to the business in both the UK and overseas. Total worldwide workforce in the division was approximately 120 staff.​​

A&M ROLE AND OUTCOME

• Assisting management launch and deliver an accelerated sale process of the business and its subsidiaries, providing an opportunity to third parties to acquire either the shares of the company or the business and assets and its subsidiaries.​

• 30 specialist parties were presented with the opportunity which resulted in ten solvent offers being generated for the shares in the company.

• A transaction was ultimately completed for the shares in the business to a third party private equity house in June 2020.​