Old Mill advises Equity Networks on private equity deal
Equity Networks was founded in 2011 and is led by co-managing directors, Alex Hall and Marcos Reid
Old Mill Corporate Finance has advised Equity Networks on its private equity investment from Coniston Capital.
Equity Networks was founded in 2011 and is led by co-managing directors, Alex Hall and Marcos Reid.
The business offers managed cloud applications, including the implementation and maintenance of platforms like Office365; managed cloud infrastructure, where data is migrated from outdated servers to the Cloud; managed security of data; and managed communications, primarily internet connectivity.
The private equity investment was advised by corporate finance manager Scott Hill, corporate finance partner Mark Neath, with support from the wider Old Mill team.
Hill said: “Equity Networks have been on an impressive growth journey, self-funding five acquisitions to date. After sharing with us their plans to increase the size and volume of acquisitions, along with boosting organic growth, it was clear a funding partner would be required.
“It was a pleasure to support them in this search and agree investment from Coniston Capital. Coniston are fantastically well-placed to not only support the funding but to provide operational and strategic support. In addition to the expertise of Alfred Chambers at Coniston, Edward Spurrier will join the board of directors as Non-Executive Chairman.”
He added: “We are all very excited to watch them continue their growth with the support of Coniston Capital.”
Marcos Reid and Alex Hall said: “Scott, Mark and the team at Old Mill have been nothing short of brilliant. While we are experienced in M&A, raising institutional equity funding was brand new to us, and to have the knowledge and technical skills of Old Mill guiding us from start to finish was key to ensuring we found the right partner in Coniston Capital.
“We welcome this partnership with Coniston as we enter the next stage of our growth journey. Coniston’s expertise, experience and funding will enable us to accelerate our acquisition plans, to take advantage of exciting opportunities and ultimately to better serve our customers.”
