Montagu Private Equity’s Acquisition of Wireless Logic

Wireless Logic and the CVC Growth Fund were advised by William Blair, Fried Frank, Deloitte and OC&C. Montagu was advised by Arma Partners, Morgan Stanley and Freshfields.

Montagu Private Equity, a leading pan-European private equity firm, and CVC Capital Partners (“CVC”) have reached an agreement for Montagu to acquire Wireless Logic Group, Europe’s leading smart connectivity platform provider, from CVC’s Growth Fund. The Wireless Logic sale represents the first exit for CVC’s Growth Fund. The terms of the transaction were not disclosed.

Wireless Logic was established in the UK in 2000 and provides businesses with specialist Internet of Things (IoT) and Machine-to-Machine (M2M) platform services across mobile, satellite, low-power wireless, and fixed line networks. The company’s services enable smart connectivity for applications and devices, creating two-way communication across secure private networks. The platform gives organisations of all sizes the ability to access highly complex and secure IT infrastructure with zero capital cost, thus creating unrivalled opportunities for new and innovative IoT solutions.

Today, Wireless Logic is a market leader in IoT and M2M platform managed services in Europe, with over 2,500 customers and over 3.1 million subscriptions. It has the technology, scale and geographical breadth to provide comprehensive connectivity solutions to a large number of customers and applications across Europe with a global reach. Headquartered in Hurley, Berkshire, the company operates across Europe with country offices in the UK, Denmark, France, Germany and Spain.

During the CVC Growth Fund’s period of investment, Wireless Logic has continued its impressive organic growth trajectory, supplemented by several strategic acquisitions. Montagu intends to work with the management team to continue to drive growth, leveraging Montagu’s experience, network and resources to further strengthen the business.

Freshfields Bruckhaus Deringer has advised Montagu Private Equity with a team including Adrian Maguire (Picture), James Scott, Mark Brewer (M&A) and Helen Lethaby (Tax).

Fried Frank acted as counsel to CVC Capital Partners with a team including Dan Oates (Picture), corporate special counsel Simon Saitowitz and corporate associates Matthew Martindale and Joy Chen.

Involved fees earner: Dan Oates – Fried Frank Harris Shriver & Jacobson; Simon Saitowitz – Fried Frank Harris Shriver & Jacobson; Matthew Martindale – Fried Frank Harris Shriver & Jacobson; Joy Chen – Fried Frank Harris Shriver & Jacobson; Adrian Maguire – Freshfields Bruckhaus Deringer LLP; James Scott – Freshfields Bruckhaus Deringer LLP; Mark Brewer – Freshfields Bruckhaus Deringer LLP; Helen Lethaby – Freshfields Bruckhaus Deringer LLP;

Law Firms: Fried Frank Harris Shriver & Jacobson; Freshfields Bruckhaus Deringer LLP;

Clients: CVC Capital Partners; Montagu Private Equity;