13 November, 2018
Leading Dorset commercial solicitors Steele Raymond LLP has advised Birmingham-based Arden Communications Group on its multi-million pound sale to a leading IT and communications firm.
Arden Communications Group which specialises in delivering innovative communications solutions throughout the UK, completed the eight-figure sale to London communications firm Babble who are backed by private equity provider LDC.
Since its incorporation in 2002, Arden Communications Group, has experienced sustained growth in preparation for an exit, having completed four company acquisitions in the last three years.
The integration of Arden into Babble significantly strengthens the London firms’ ability to scale and deliver cutting edge IT and Telecom solutions to all sizes and sectors of businesses across the UK and globally.
An experienced legal team from leading Bournemouth commercial solicitors Steele Raymond LLP advised Arden Communications Group, a longstanding client of the firm, with comprehensive support and advice on the sale including company law, employment law, property law advice to the group and private client advice to the directors.
The transaction was led by Partner and company and commercial solicitor Nick Davies, who is noted in the 2018-19 Legal 500 as being “proactive and commercially minded”. Nick has extensive experience in M&A transactions generally and acting for IT and technology clients, as well as across a wide range of other sectors.
Nick said: “We have enjoyed being part of Arden’s strategy for many years which was always focused on a defined exit position. Having worked closely with the Group on a number of transactions over the last three years we were well placed to ensure the best and most efficient approach to the exit.”
Matt Cusack, Finance Director at Arden Communications Group, added:
“Nick and the Steele Raymond team have been by our side through a number of complex negotiations over a number of years. The relationship that has been built over this time has helped us move forward efficiently with our ambitions for growth and then eventually exit. We are delighted to have sold the Group to Babble and wish them every success for the future. As always, Steele Raymond’s advice and assistance has been invaluable. Their service levels have been outstanding and we would highly recommend them to any other business going down a similar route to the one taken by Arden.”