Inflexion’s Minority Investment In Digital Wholesale Solutions

Travers Smith LLP has advised Inflexion on the deal.

Inflexion invested in Digital Wholesale Solutions (DWS), an independent IT, communications and cloud wholesale platform, which is currently part of the Daisy Group.

The investment is being made by Inflexion’s dedicated minority investment fund, Partnership Capital II. As part of the transaction, DWS will be demerged from Daisy Group with the majority of the shareholders of Daisy Group reinvesting directly into DWS. The transaction values DWS at an enterprise valuation of £1 billion.

DWS is a high growth software platform business providing IT, communications and cloud products and services on a wholesale basis to over 6,000 UK partners, from vendors including Vodafone, O2, BT/EE, Microsoft, and Virgin Media Business. Its services are targeted at resellers serving small and medium sized enterprises in the 10-250 employee range.

The Travers Smith team was led by Private Equity & Financial Sponsors Partners Edmund Reed (Picture) and Lucie Cawood, with support from Private Equity & Financial Sponsors Associates Katie McGarry, Becky Dove, Sarah Owadally, Matt Hutchison. The team also included Head of Finance, Matt Ayre, Finance Senior Associate Will Sheridan, Finance Associate Katie Moran, Head of Commercial, IP & Technology, Dan Reavill, Commercial, IP & Technology Senior Associates Mike Ross and Rowan Armstrong, Commercial, IP & Technology Associate Andy Maxwell, Tax Partners Simon Skinner and Russell Warren, and Tax Associate Kaleem Khan.

Involved fees earner: Rowan Armstrong – Travers Smith; Matthew Ayre – Travers Smith; Lucie Cawood – Travers Smith; Becky Dove – Travers Smith; Matthew Hutchison – Travers Smith; Kaleem Khan – Travers Smith; Andrew Maxwell – Travers Smith; Katie McGarry – Travers Smith; Katie Moran – Travers Smith; Sarah Owadally – Travers Smith; Dan Reavill – Travers Smith; Edmund Reed – Travers Smith; Will Sheridan – Travers Smith; Simon Skinner – Travers Smith; Russell Warren – Travers Smith;

Law Firms: Travers Smith;

Clients: Inflexion Private Equity;