Corporate Finance Deal Announcement: Custom Communication Systems Group
We are delighted to announce we have advised Russell Heagney, the sole shareholder of Custom Communication Systems Group Limited, on the sale of the business to Virtua UK Limited.
Custom, based in Hitchin, is a specialist telecoms consultancy and services provider to both the commercial and military sectors. Virtua UK, based in Swindon, is a leading provider of resources, expertise and bespoke service to the telecoms and mobile telecoms industries. Russell has taken a substantial stake in the enlarged group and will continue to play an active senior management role.
Strategic and corporate finance advice was provided to Russell by partner Laurence Whitehead and director Martin Shaw. Laurence worked with Russell over a sustained period of time to identify prospective acquirers and merger partners throughout an extensive process. Virtua proved to be the best fit for a number of strategic and commercial reasons. Specialist tax advice was provided by colleagues Rachel Nutt, Gareth Peters and Paul Eley.
“From the very outset Laurence and his team delivered just as promised. I was particularly impressed with the level of experience throughout the team and the way that they worked together, supporting both me and each other. I had great confidence knowing that they were concentrating on the deal whilst I could be left to concentrate on running the business. Laurence’s input during the early stages of the process was invaluable and the team’s proactive approach and attention to detail during the later stages were critical.”
“During the five years since we advised Russell on the original MBO, he has grown and developed the business beyond recognition and he deserves praise for what he has achieved during a period of great economic uncertainty. It has once again been a pleasure to advise Russell and help him achieve his business goals. The link up with Virtua UK will enable both companies to leverage off their key areas of expertise to the benefit of their existing and prospective new customers. The enlarged group should now have more of the critical mass needed in the industry to really push forward their growth plans. We wish them continued success.”
If you would like to know more about this deal or how we can assist you, your clients or your contacts, send us an enquiry.