Knight Corporate Finance, the specialist TMT corporate finance boutique, advised the shareholders of 360 Solutions on its sale to telecoms reseller Arrow Communications.
Mitel reseller 360 Solutions was founded by Oliver Marsden and his brother Sam (who exited the business in 2015) and grew as a result of their focus on delivering UC solutions to the legal sector. Arrow intend to use 360’s Burton-on-Trent base as a platform for further growth and will be retaining the 360 team.
Knight CF’s sale process is a disciplined structured process designed to target the most appropriate buyers and generate a high level of competition. It enables shareholders to specify the precise terms on which they are inviting offers. Following a competitive process, Arrow emerged as the most appropriate buyer through a combination of value to shareholders and cultural fit for the team post completion.
Tom Jones, Associate Director of Knight CF said “It was clear to us that there were a number of factors that Oliver wanted to achieve from the transaction, not just best price, and so we set the process accordingly to ensure that he had a range of options available”.
Oliver Marsden, founder of 360 Solutions commented “We are delighted with the outcome of this deal and we greatly appreciate the support and expertise of the Knight team in bringing it to a conclusion. We had probably not appreciated the varying intricacies of a transaction until we undertook the process, but Knight were there every step of the way to ensure that any difficulties were dealt with efficiently”.
Founded in 2008, Knight works with entrepreneurs to unlock and realise shareholder value in their business. It has completed over 90 transactions in the telecommunications, media and technology sectors from its Warrington and London offices.