BDO advises Berry Telecom Group on sale
BDO advises Berry Telecom Group on sale
Headquartered in Salisbury, Berry has successfully grown to be a leading telecommunications company, focused on providing robust, affordable, scalable solutions to over 16,000 users. The company offers a variety of business phone systems, ranging from IP phones to PBX systems, call recording and marketing scripts.
Babble is a leading British technology and telephony company headquartered in London, with offices across the UK including Scotland, the North West, Yorkshire, the Midlands, the North East and South.
The acquisition of Berry is the latest deal in Babble’s stellar buy and build track record, following the acquisitions of Yorkshire Telecom/Biscuit IT, as well as ADSI. This acquisition will underpin Babble’s expansion strategy to provide the personal service of a local provider with all the benefits of working with a national partner with scale. In addition, the acquisition fits well with Babble’s desire to acquire regional businesses that will deliver solutions based on their customers’ unique needs.
Berry Technologies Group was advised by BDO’s M&A team, which provided sell side lead advisory to the shareholders. The lawyers to Berry Technologies Group for this deal were Paris Smith. Babble was advised by James Cowper Kreston and Gateley.
Duncan Lamb, partner at BDO LLP said: “We were delighted to support Paul, Simon and Jo-Anne on the sale of Berry Telecom Group to Babble. The transaction creates an exciting partnership for both companies by combining Berry’s fantastic reputation in the telecoms sector with Babble’s scale and UK-wide capabilities. The combined business has very exciting growth plans and we look forward to seeing the partnership achieve their ambitions.”
Paul Hallam, shareholder and director of Berry Technologies Group added: “We are very grateful for the support of Duncan, James and Sam. Their hard work, dedication, persistence, and experience were invaluable in getting us through the process and delivering a superb outcome for the shareholders and the business going forward. We would thoroughly recommend BDO's M&A team for businesses considering a transaction."
ENDS
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