30 Jun 2014 | 12:09 pm |
International law firm Pinsent Masons has advised ISIS Equity Partners on the £45 million management buyout (MBO) of Metronet UK.
Manchester-based Metronet specialises in delivering high speed broadband services through wifi connections.
The company has approximately 1,200 customers including Umbro, landlord Bruntwood, publisher Autotrader and online retailer ao.com. The business operates in Manchester, Leeds, Bradford, Birmingham, Liverpool, Warrington, Chester and Crewe, and plans to use ISIS' backing to fund further expansion.
The Pinsent Masons team acting on the transaction was led by Gregg Davison, Head of Private Equity assisted by Andy Phillips, Amie Norris and Tom Shorten.
Commenting on the deal Gregg Davison said:
"Given the success of Metronet and its phenomenal growth, the transaction needed to be completed quickly and efficiently. We are delighted to have advised ISIS on this deal and the team worked hard to complete the transaction ahead of the timetable."
The MBO has been led by Metronet chief executive Elliott Mueller, James McCall, who founded the business in 2003, Steven Axon, Craig Timmis and Lee Lawrence.
Multinational law firm Pinsent Masons has appointed litigation partner Melanie Ryan to join its Global Investigations team in London.
Law firm Pinsent Masons MPillay has advised Swiss-based infrastructure investment manager SUSI Partners on its investment in Alba Renewables to build a renewable energy infrastructure business focused on The Philippines.
Multinational law firm Pinsent Masons has advised Italian producer of hotel essentials La Bottega on its acquisition of a majority stake in Australian company Vanity Group.
Multinational law firm Pinsent Masons has appointed James Arnott and Veronica Scott and a team of lawyers to launch the firm’s Technology, Media and Telecommunications (TMT) practice in Australia.
Multinational law firm Pinsent Masons has advised the supervisory board of Telefónica Deutschland Holding AG in connection with the public tender offer of its Spanish majority shareholder Telefónica, S.A.
Multinational law firm Pinsent Masons has appointed partners Paul Hinton and Ed Baker to join the firm’s Technology, Media, and Telecoms (TMT) team in London.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]