Grant Thornton advises Magdalene Holdings Ltd

Magdalene Holdings Limited (Magdalene) is a leading UK telecommunications infrastructure services provider.  

The company operates across all segments of the telecommunications market, providing a turnkey service to communication service providers and equipment vendors.  

Founded in 1996 as a value-added reseller of Nokia transmission products, Magdalene is now established as a full lifecycle telecommunications infrastructure services company. A unique asset for its size in the market, it was ideally positioned as an attractive acquisition proposition.  

M Group Services Limited (M Group) is a circa £1 billion turnover group backed by First Reserve, US PE. 

Having built a good relationship with the shareholders, we were engaged to advise on the disposal having demonstrated our knowledge of the buyer population and local deal credentials. Our corporate finance team led the transaction throughout the process. This included preparing sales documents, identification of strategic buyers, leading negotiations, managing the diligence process and advising on the legal documents through to completion. 

Local deal experience, alongside strong sector credentials and knowledge of the business allowed our corporate finance team to run an efficient process, completing in a little over six weeks from signing Heads of Terms. We completed a comprehensive buyer research piece, leveraging our internal network in the UK and the international network to identify truly strategic prospective buyers and drive competitive tension. Given a mix of prospective trade and private equity buyers, we also provided advice through our financial modelling team to produce a detailed forecast model.