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Team Telecom Group

Team Telecom

Sector: Support Services

Deal Type: MBO

Date: Apr '10

Deal size: £32.8m

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This is a very exciting time for TTG. We have a superb management team and have invested heavily over the past three years to develop market leading businesses and products. With Gresham’s support we intend to continue this investment and increase our international presence, both organically and by acquisition.

Mike Norfield
TTG

Investment Overview

TTG comprises a number of distinct but complementary telecoms services businesses. Simoco which operates in the specialist Professional Mobile Radio (PMR) communications market supplying mission critical radio terminals on an international basis for use by the emergency services as well as companies in the utilities, oil and gas and transport sectors among others. Air Radio which provides communications systems at airports to clients including British Airways and Indigo Telecom Group which provides a range of telecommunications engineering services covering installation, commissioning, 24x7 first line maintenance and network operations.

Why we liked it

Each of the businesses in TTG has a compelling market position in their own right and there is considerable growth potential in this area of telecommunications, both in the UK and overseas. The PMR market alone is currently worth approximately $3.8bn globally and is growing at around 9% per annum.

How are we helping?

The investment in TTG will be used to support growth both organically and by acquisition, expanding the international reach of the business.

 

Gresham contacts:

Simon Inchley