- Quinn Supports Growing Technologies
Quinn supports Growing Technologies
The Quinn Partnership, the UK’s leading provider of Management Due Diligence to the private equity market has supported three management buy-out deals in the rapidly growing M2M, Renewable Energy and Technology sectors.
ECI backed the founders of Wireless Logic to buy back the business from Phones International Group, owned by Dragons’ Den star and serial entrepreneur Peter Jones CBE for £35m. Wireless Logic is the UK’s leading independent Machine to Machine (“M2M”) communications specialist, with 3,600 customers and nearly 600,000 SIMS under management in the UK and continental Europe. The M2M market is forecast to experience rapid growth of more than 30% per annum and Wireless Logic is well positioned to benefit from this expansion. The company was ranked 25th in the Sunday Times’ Tech Track 2010 league table of the UK’s fastest-growing private technology companies.
Elysian Capital ILP, the independent private equity fund specialising in the UK lower mid-market, has acquired, following a management buy-out, Durham-based Tekmar Energy Ltd, the market leading designer and manufacturer of cable protection systems, primarily for the offshore wind sector. The European renewable energy market is expected to grow aggressively over the next 20 years, with offshore wind dominating this expansion. Still in its relative infancy, installed European offshore wind capacity is forecast to reach 150GW by 2030 – a 50 fold increase on the current 2.9GW capacity.
The Carlyle Group has acquired ITRS Group, a provider of trade monitoring technology and services to the financial services sector. ITRS is a fast-growing, multi-award winning technology provider, primarily focused on supplying the financial services sector with trading infrastructure monitoring software. This investment will facilitate ITRS’ diversification and continue to enable clients to be at the forefront of the market’s evolving demand for continuous real-time risk and performance monitoring of trading platforms.
Speaking on the deals, Paul Quinn, Director of The Quinn Partnership said “Our involvement in these transactions help show that we’re expanding our client base with progressive investors who see the benefits of our business experience and who have valued our expertise and advice. We continue to utilise this at a time when we’re maturing our proposition and offering Management teams insight into how to realise value through driving strategic initiatives through harnessing strong leadership and operational management capability. As the economic outlook remains uncertain, these are prerequisites for successful business performance more than ever.”