Grant Thornton advises RJD Partners Limited RJD Partners Limited on their sale of ISG Technology via a secondary buyout.

July 2016
RJD Partners Limited
ISG Technology
Adviser to RJD Partners Limited on their sale of ISG Technology via a secondary buyout.
£10.5 million
Grant Thornton team
Telecommunications
Sell side
Corporate finance
UK

We are delighted to have advised RJD Partners Limited on their sale of ISG Technology via a secondary buyout.

ISG is a leading independent provider of wired and wireless networking infrastructure solutions to blue-chip organisations throughout the UK, specialising in rapid and mass network deployment and recognised as an expert in large scale, mission critical wi-fi installations. 

The company's customers include some of the UK's largest retail, grocery and quick service restaurant operations in the UK, many with over 1,000 sites.  

Led by CEO Mike Morrison since 2007, the management team, supported by private equity backers RJD Partners, have successfully shaped the business for strong growth by establishing a strong platform and market position.  In its last financial year, ISG generated turnover of £18.5 million and it now employs 173 people across the UK and at its technical support centre in Sofia, Bulgaria. 

RJD Partners was looking to realise its investment and engaged us to find a buyer for the business on the basis of their sector knowledge, track record and understanding of the business. 

We ran a tight competitive sale process which saw WestBridge Capital emerge as the preferred party. We project managed the process into exclusivity, led negotiations and drove the deal through to completion. 

WestBridge Capital's strong, relevant technology sector experience and their investment leaves the business well-positioned to achieve its ambitious growth plans. 

Our team were instrumental in structuring a deal which maximised value for shareholders and facilitated a secondary buy-out.. 

Our sector expertise was key to best positioning the business with buyers and articulating the opportunity, and its network of contacts ensured that the right buyers were brought to the table to maximise value. 

Testimonials

Grant Thornton showed incredible determination, tenacity and aptitude to deliver an excellent result for all the shareholders. The team were a delight to work with and gave sound, pragmatic advice throughout the process.

Richard Caston Managing Director, RJD Partners Limited

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