Armstrong has supported LDC backed Onecom’s acquisition of Olive Communications in a move which creates the largest business-to-business mobile, fixed-line and cloud specialist in the UK. Together, Onecom and Olive will provide services to more than 500,000 corporate and business end users this year, generating combined annual turnover of more than £140m.
The acquisition was supported with follow-on funding from mid-market private equity firm LDC, which invested in Onecom in a £100m deal in July 2019 to fuel the Hampshire-based business’s ambitious three-year growth strategy.
Armstrong conducted 20 in-depth customer interviews to support the transaction. Christian Craggs, Director of M&A and Strategy at Onecom, said that “Armstrong provided a deep insight into Olive’s customer base that we will use to help grow the business, and to maximise cross-sell opportunities within the Onecom group”.
This is the 21st deal that Armstrong has supported in the technology sector in the last 12 months.
For more information on this and other deals in this sector please contact
+44 7871 425 467
Head of Technology
+44 7894 594 500