Connect Communication Solutions Ltd acquired several businesses
2 minute read
Mergers & acquisitions case study.
A Belfast based telecommunications company, Connect Communication Solutions Ltd, had ambitious plans for rapid expansion. The entrepreneurial owner intended to acquire several other businesses across England and Scotland to achieve this. The company intended to prove that it’s possible to successfully build up a business into other markets from a base in Northern Ireland.
Connect instructed a partner of the firm, Aleric Turtle, to act on their behalf. He conducted thorough legal due diligence on eight GB companies targeted for acquisition. Aleric acted in the acquisition of the shares and assets of the companies and negotiated the sale and purchase agreement and all ancillary documents. Aleric achieved this in only two years by matching his client’s determination to grow the telecommunications business rapidly and successfully.
The entrepreneur sold the business for £15m
The company went on to reach its five-year profit targets in only three years. This accomplishment drew attention from the wider business community and led to the sale of Connect to the company’s investors for around £15m. Aleric Turtle acted on behalf of the owner who enjoyed a successful exit from the business and looked towards the next venture.
Our corporate legal services department can help your business too
If you require advice on mergers and acquisitions, you can learn more about our Mergers & Acquisitions services or contact us and enjoy a complimentary consultation with an experienced corporate solicitor.