Advised Montagu Private Equity on its acquisition of Wireless Logic, Europe’s leading smart connectivity platform provider
Jun 2018
acquired
(a portfolio company of CVC Capital Partners)
  • Sector: Communication Services; Industrial Tech
  • Deal Type: Private Equity Deals; Founder-led Businesses
  • Engagement type: Buyside
  • Size: >$500m
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Arma Partners is pleased to announce that it has acted as financial advisor to Montagu Private Equity on its acquisition of Wireless Logic, Europe’s leading smart connectivity platform provider, from CVC’s Growth Fund.

Wireless Logic is a market leader in IoT and M2M platform managed services in Europe, with over 2,500 customers and over 3.1 million subscriptions. It has the technology, scale and geographical breadth to provide comprehensive connectivity solutions to a large number of customers and applications with a global reach. Headquartered in Hurley, Berkshire, the company operates across Europe with country offices in the UK, Denmark, France, Germany and Spain.

During the CVC Growth Fund’s period of investment, Wireless Logic has continued its impressive organic growth trajectory, supplemented by several strategic acquisitions. Montagu intends to work with the management team to continue to drive growth, leveraging Montagu’s experience, network and resources to further strengthen the business.

This transaction demonstrates Arma Partners’ deep sector expertise in IoT / M2M technology and highlights our continued success in advising leading private equity buyers. Having also advised Wireless Logic on its sale to CVC in 2015, the transaction further displays Arma Partners’ track record in working with companies through multiple transactions.

-Wireless Logic is a market leader in IoT and M2M platform managed services in Europe, with over 2,500 customers and over 3.1 million subscriptions

-Co-founded in 2000 by current CEO, Oliver Tucker and current CSO Philip Cole, Wireless Logic is headquartered in Hurley, Berkshire, and has over 70 employees

-The company’s services enable smart connectivity for applications and devices, creating two-way communication across secure private networks, giving organizations of all sizes the ability to access highly complex and secure IT infrastructure

-Montagu Private Equity was founded in 1968 as a division of Midland Bank and spun out of HSBC in March 2003

-Montagu invests primarily in companies based in Europe with a focus on UK, France, Germany, and the Nordic region

-Montagu targets companies with mission critical products and solutions across a wide range of sectors including business services, consumer goods, electronics, healthcare, logistics, retail and technology

-Montagu has assets under management of more than €4bn and invests through its Montagu V fund with a size of €2.75bn

-During the CVC Growth Fund’s period of investment, Wireless Logic has continued its impressive organic growth trajectory, supplemented by several strategic acquisitions. Montagu intends to work with the management team to continue to drive growth, leveraging Montagu’s experience, network and resources to further strengthen the business

-Montague will consolidate the network in Europe and expand globally

-The investment underscores Montagu’s commitment to the attractive and growing communications technology industry

-Arma Partners acted as financial advisor to Montagu on its acquisition of Wireless Logic

-This transaction demonstrates Arma Partners’ deep sector expertise in IoT / M2M technology and highlights its continued success in advising leading private equity buyers

-Having also advised Wireless Logic on its sale to CVC in 2015, the transaction further displays Arma Partners’ track record in working with companies through multiple transactions