BPE Solicitors advises on sale of significant telecoms business
Three teams at Cheltenham-based BPE Solicitors advised the shareholders of DAEL Ventures Limited, a leading provider of acquisition, design and construction services in the UK for mobile telecoms infrastructure, on the sale of the company to Mitie Group plc in an acquisition worth £15 million.
As well as providing telecoms infrastructure services, DAEL Ventures supports the special events market with temporary mobile infrastructure, and provides bespoke structural engineering and design services for telecoms assets.
DAEL Ventures, including its subsidiaries DAEL Telecom Ltd, JB Towers Ltd and JISTICS Limited, will join Mitie’s Technical Services business to create a new Mitie Telecoms division.
Corporate Partner and Team Leader, Louise Grzasko, led the deal, working closely with the team at DAEL Ventures to ensure the transaction went smoothly.
Heyma Holmes (Partner, Employment) and Steve Conlay (Associate, Employment) lent their expertise in respect of the employment aspects of the deal, whilst Matt Jackson (Senior Associate, Commercial) provided support on the commercial contracts.
Andy Train, Managing Director of DAEL Telecom said: “The telecoms sector is growing at an incredible rate and joining forces with Mitie is an exciting opportunity for us to broaden our reach. The support the team at BPE gave us has been invaluable and we would recommend them to any business owner looking for legal support.”
Louise Grzasko said: “I am delighted that we were able to work with the team at DAEL Ventures to achieve their goal and look forward to seeing their Telecoms business unit grow further under the Mitie Group.”
For support for your business, contact Louise Grzasko or a member of the BPE Corporate team on 01242 224433.
These notes have been prepared for the purpose of articles only. They should not be regarded as a substitute for taking legal advice.