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 partnered with Tech Nations’ Rising Stars competition to support innovative early-stage scaleups across the UK.
Multinational law firm Pinsent Masons has hired partner Edward James to bolster its corporate crime and investigations capabilities in South Africa.
Multinational law firm Pinsent Masons has hired two legal directors in Amsterdam, appointing Joel Erwteman and Stephanie Dekker as it continues to grow its technology, science and industry (TSI) capabilities in The Netherlands.
Multinational law firm Pinsent Masons has partnered with Tech Nations’ Rising Stars competition to support innovative early-stage scaleups across the UK.
Multinational law firm Pinsent Masons has been appointed to insurance giant AIG’s UK and EMEA Corporate legal panels with a broad remit to provide advice on a full range of legal services.
Multinational law firm Pinsent Masons has advised four syndicate banks, Bryan, Garnier & Co. (Sole Global Coordinator), Pareto Securities AS, Clarksons Platou Securities AS (Joint Bookrunners) and First Berlin Securities Brokerage GmbH (Placement Agent), on the successful EUR 30m capital increase of Enapter AG.
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]