Established in 1994 Onyx is an operator of data centres, business continuity centres and a provider of cloud computing services. It was recently listed in The Sunday Times Tech Track 100 which monitors the faster growing technology companies in the UK.
The company with annual revenues of circa £15 million, has its headquarters in Stockton-on-Tees and ten sites across the UK including London, Glasgow, Edinburgh, Newcastle, Teesside and Sheffield.
We worked closely with ISIS providing lead advisory services. ISIS have a well-established track record of helping ambitious entrepreneurs create long-term value and market leadership. ISIS typically invest in businesses valued between £5 million and £75 million.
We are delighted to have worked with Grant Thornton on this transaction. They helped us run an aggressive process to a rapid timescale and were highly professional and hands on throughout. The team worked with us and the Management Team to deliver a transaction which met all our original expectations.
Xavier Woodward Investment Director, ISIS Equity Partners
