Jamieson is pleased to announce its role in advising Bill Dawson and the management team of Wavenet on the sale of the business to Macquarie Principal Finance, from Beech Tree Private Equity.
Wavenet provides telecoms and technology solutions to over 8,000 small and medium-sized businesses and public sector bodies across the UK. Wavenet has grown significantly in recent years, through a combination of acquisitions and organic growth, with a focus on future technologies and digital transformation.
The new partnership with Macquarie Capital will boost this growth potential, by providing both expertise and flexible growth capital. This will enable more investment in the people at Wavenet and provide a renewed focus on strategic acquisitions.
Stuart Coventry, David Kirkpatrick and Rowan Wright advised the Wavenet team on their reinvestment in the new structure as well as the terms of the new management equity incentive.
