Quinn advises Inflexion on buyout of CableCom Networking
The UK’s leading provider of Management Due Diligence, The Quinn Partnership, has advised Inflexion Private Equity on its recent buyout of CableCom Networking Limited.
Based in Somerset, CableCom is the leading provider of managed internet and digital media services to high density, principally student, accommodation throughout the UK. The company intends to capitalise on the growing student housing market, which is expected to double by 2017.
Mark Burchfield, CEO of CableCom, commented on the deal:
“We are pleased that Inflexion is backing us for the next stage of growth. With its support we will continue to enhance our product offering, further invest in technology to create greater capacity and continue to improve our services to our end users and partners.”
While its core UK student customer base will remain the focus of the business, CableCom will also seek to expand its services across Europe, starting from its existing operations in the Netherlands. There are other growth opportunities in social housing and in lower density student accommodation that will also be accelerated with Inflexion’s backing.
Simon Turner, Managing Partner at Inflexion, commented:
“CableCom is a terrific business that has grown strongly from a core strength in technology. We were especially drawn to working with Mark and his team who are top quality. Equally it is unusual and exciting to find a business that is the leader in its field with great fundamentals, long-term contracts, and multiple routes to growth. It is right in Inflexion’s sweet spot.”
Mike Stiles, Director at The Quinn Partnership, also comments:
“Once again we are delighted to support Inflexion Private Equity on another investment. This is an experienced and driven team and with the leadership of Mark Burchfield and the additional expertise of Inflexion, the business is poised for further growth and success.”
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