Nelson-based telecoms group, Daisy, is to combine with West Midlands business Wavenet to form a £500m-turnover group employing around 2,000 staff, supporting in excess of 22,000 customers.
The deal will see Solihull-based Wavenet’s existing private equity partner, Macquarie Capital Principal Finance, become the largest shareholder with Daisy Group chairman, Matthew Riley, and other existing Daisy shareholders, retaining a minority stake in the business.
Matthew Riley will join the board of the enlarged business as a non-executive director.
This backing provides a strong balance sheet and...…Nelson-based telecoms group, Daisy, is to combine with West Midlands business Wavenet to form a £500m-turnover group employing around 2,000 staff, supporting in excess of 22,000 customers.
The deal will see Solihull-based Wavenet’s existing private equity partner, Macquarie Capital Principal Finance, become the largest shareholder with Daisy Group chairman, Matthew Riley, and other existing Daisy shareholders, retaining a minority stake in the business.
Matthew Riley will join the board of the enlarged business as a non-executive director.
This backing provides a strong balance sheet and...WW…
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