Caldey Corporate Finance is delighted to announce the sale of Cablenet to CMS Distribution.
The team at Caldey Corporate Finance led by Adrian Dray and Janine Vitali, advised the Board and Shareholders of A&GP Holdings Limited Ltd, the holding company of Cablenet Trading Limited (Cablenet”) on its sale to Ireland based CMS Distribution (“CMS”).
Owned by Rcapital and Peter Pearson, Cablenet is an industry leading supplier of specialist technology products to resellers and end users for use in offices, homes and whilst on the move. Cablenet’s key customers include medium and large Value-Added Resellers, Trade Distributors, Installers of Cabling Systems and end users such as Datacentre Operators and in-house IT Managers. Established in 1997, Cablenet continues to provide an exceptional level of customer service and product knowledge and expertise resulting in the delivery of premium quality, affordable products for all of its customers Computer & Network cabling needs.
CMS is an Irish headquartered £550m plus turnover business whose principal activities are the distribution of computer products and services specifically focused upon enterprise software, hardware and consumer electronics. CMS takes great pride in seeking out innovative technologies that deliver cost effective solutions. CMS represents 200+ manufacturers and over the last ten years has significantly grown its business both organically and through a highly successful acquisition strategy including concluding two transactions this year, and a total of eleven over the last ten years.
Andy Pearson, the Chairman of A&GP Limited, engaged with Caldey with one prime objective: for Caldey to source an acquisition partner that fully understood and valued the current leading market position of Cablenet and its significant future potential.
Andy commented “I have known Adrian Dray, the Managing Director of Caldey, for a number of years as a leading Corporate Finance adviser. Caldey delivered to my high expectations by both sourcing CMS as the most appropriate buyer for Cablenet and delivering a deal that I consider values what has been achieved by Cablenet.’. He commented further:
‘Both Adrian and Janine delivered beyond any scope we agreed at the start – they were dedicated, committed and totally focused on delivering a deal that met the objectives of the shareholders. as well as always being there as wise counsel and a sounding board. I am delighted that the Cablenet business will continue to grow under Peter Pearson, the founder and Managing Director of Cablenet’s continued leadership and the support of the highly experienced CMS board.”.
Phil Emmerson, Rcapital’s COO and Partner said ”We were very pleased with the position Andy, Peter and the team had taken Cablenet to. Adrian and Janine at Caldey, brought to life the key attributes and future potential of Cablenet with all the interested parties and specifically sourced CMS. Adrian and Janine negotiated a good deal that delivered a great result for RCapital and its partners.”.
Adrian Dray, Managing Director at Caldey commented “Delivering excellent results for entrepreneurs and investors who have taken their businesses through challenging times to deliver substantial growth is the purpose of Caldey. We are extremely pleased to work with Andy, Peter and the Rcapital team and the Cablenet Senior Management Team on this important deal. We are delighted with the result and finding an acquirer who saw, understood and valued the potential of Cablenet.”.
Caldey Corporate Finance is an independent advisor to entrepreneurs, owner managers and family-owned businesses. Caldey supports its clients and their business on their journey to value through delivering strategic advice, fund raising and acquisition services as well as exit planning and execution.
www.caldeycorporatefinance.co.uk
Contacts
Adrian Dray
07711 473237
Janine Vitali
07949 026229