Wragge & Co advises Mobeus on its £6m investment in Entanet management buyout
The private equity team at Wragge & Co has advised Mobeus Equity Partners on a £6m investment in the management buyout of Entanet International.
The buyout — worth a total of £14m — is key to Entanet’s ambitions to grow into new markets and meet increasing demand for quality, bespoke internet services.
The company currently provides business data and voice services via a network of more than 2,000 channel partners.
Wragge & Co advised on all aspects of the transaction, drawing upon experts from the firm’s specialist private equity, transaction services, tax, commercial, insurance and real-estate teams.
Partner Andy Stylianou and director Gareth Baker led the transaction. They were assisted by real-estate partner Phil Clissitt, director Graham Spalding from the transaction services team, banking and finance partner Kirsty Barnes, insurance director Samantha Holland, tax associate Patrick Allan, associate James Barr and solicitor Caroline McNally from the IT and outsourcing team and Rory Jones.
Wragge & Co’s private equity team offers detailed guidance on pre-transaction decisions, financing, structuring and tax issues and post-transaction services.
News from Wragge & Co
News from The Lawyer
Briefings from Wragge & Co
Wragge & Co outlines the background to the case and the court’s decision and provides a comment on its impact for public bodies.
The Court of Appeal case of RWE Npower Renewables Ltd v J N Bentley Ltd acts as a reminder to draftsman not to place too much reliance on these clauses.