Delivering what we commit to.
Team Telecom Group
Sector: Support Services
Deal Type: MBO
Date: April '10
Deal size: £32.8m
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.
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.
We share our views on current trends, sector analysis and case studies of portfolio companies.
14 March 2014
Gresham LLP (“Gresham”), a leading lower mid-market UK investment firm, today announced that it has sold its interest in LAS Claims Management (“LAS”), the Birmingham based household claims management business, to The Innovation Group (“TIG”).