Management buy-out of Connect Managed Services funded by LDC

Transcend Corporate director Steve Bartlett advised the management team and “Newco” of Connect Managed Services in their buy-out funded by LDC.

Established in 1992, Connect Communications is an expert in unified communications and call-centre software technology services, which it provides to a wide range of businesses, from SMEs through to multi-site and multinational enterprises.  The deal with LDC will provide further capital to help accelerate the continued expansion of Connect, primarily through continued investment in its market-leading technology and service portfolio, whilst also facilitating the business’ growth with both existing and new customers here in the UK and across the EMEA region.

Alex Tupman, CEO of Connect said “This was a tricky transaction with some complicated issues and hurdles to overcome.  Steve’s advice, tenacity and commitment to the deal were instrumental in ensuring a successful outcome for the team and the business.  He worked hard on management’s behalf and focussed on optimising the outcome for us, while making sure the objective of getting a deal done was not forgotten.  I would be keen to work with Steve again on our next transaction.”