Knight advises on sale of Diva Telecom as Babble steps up its M&A
Technology and telecoms adviser Knight Corporate Finance advised the shareholders of Diva Telecom on its sale to Babble Cloud, the specialist communications technology provider backed by LDC. The strategic acquisition of the Leeds based business strengthens Babble’s northern presence.
Founded by Erica Lewis in 2006, Diva Telecom offers a full suite of telecoms services and has a strong niche in inbound international calling and Cityfibre connectivity services.
Knight have worked with Diva for several years on an informal basis (Diva is also a client of sister business Knight R&D), and so were well placed to understand the type of transaction and buyer that Erica was looking for the business.
Erica Lewis, Managing Director at Diva Telecom commented “Knight’s industry expertise was invaluable in running a disciplined and professional process. We were delighted with the outcome, having found an ideal partner in Babble Cloud, where the two business cultures are so closely aligned”.
Paul Billingham, Director at Knight commented “It is always nice to see a great outcome for someone who has put so much into building their business over many years. Babble and Diva are well matched and we wish Erica well with her retirement.
Matt Parker, Chief Executive at Babble said “I am pleased that we have been able to acquire a business of such quality, the Diva deal is another step on Babble’s journey to bring the best people, customers, partners & cloud solutions together. Knight ran a professional and efficient process which helped drive the transaction through to completion”.
Paul Billingham was supported on the transaction by Dom Lillie and Karen Houghton at Mason Hayes provided legal advice.
Founded in 2008, Knight work with entrepreneurs to unlock and realise shareholder value in their business. It has completed over 100 deals in the technology and telecoms industry from its London and Warrington offices. Other recent deals include advising QDOSsbl on its sale to Ridgewall, Network Telecom on its sale to Enreach and Invosys on its £6m+ funding package from Santander.