Euphony

The deal

• Led by Giles Redpath, former CEO of Alpha Telecom
• Significant investment by Giles Redpath and the management team
• Penta Capital provided institutional equity
• Investec Growth & Acquisition Finance provided acquisition finance and took a small stake in the business

The company

• Europe’s leading network marketing based telecoms company with a turnover of £81.6 m in 2003
• Operations in the UK, Belgium, Ireland. The Netherlands and Germany
• It has 33,600 active customers, 80% of whom are residential

The strategy

• To enhance relationships with the carriers through the management’s experience in this sector
• To improve operational infrastructure
• To take advantage of the network marketing in fast expanding markets such as Germany and Ireland
• To expand into other European countries

Investec’s role

Investec Growth & Acquisition Finance were brought into the deal on short notice and we quickly moved into a position to understand the deal and the company and were able to offer a competitive package to secure the completion of the deal within a shor t time frame.

www.euphony.com

Equity    |   Mezzanine finance    |   Asset based lending    |   Integrated finance