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Osborne Clarke advises the management team of the UK’s largest independent business telecoms provider, Onecom, on £100 million funding


Written on 23 July 2019

International legal practice Osborne Clarke has advised the management team of Onecom on a £100 million funding package from mid-market private equity firm LDC and credit funds managed by an affiliate of Ares Management Corporation (NYSE: ARES) to help support organic and acquisitive growth.

Onecom is the UK’s largest independent business telecommunications provider. It currently manages nearly 100,000 business customers, delivering communication services and unified solutions across fixed line voice, connectivity and cloud computing to some of the UK’s most dynamic companies. These include Farrow & Ball, Thwaites, Celtic Manor and 118 UK Ltd.

Headquartered in Fareham, Hampshire, the business has doubled its revenues over the last five years. It employs 400 people across 10 regional offices and its partners include Samsung, Apple, Gamma, Mitel and Virtual1. It is also a major partner of Vodafone, and last month they announced a five-year deal together that will be worth up to £600 million in revenue.

Onecom’s management team led by Ben Dowd were advised by corporate Partner and Head of Business Transactions Group Greg Leyshon and Associate Director Pippa Byrne.

The deal is the latest in a series of high profile management advisory roles completed by Osborne Clarke’s specialist Management Advisory Practice. The team is considered a go-to practice for many companies in the tech, media and comms sector, working with global businesses to fast-growth start-ups and market challengers. The team advises at every stage of company development across all corporate issues, from equity and debt fundraisings to M&A, IPOs and JVs.

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