Dow Schofield Watts LLP has advised on the disposal of Jade Communications to a management buyout team backed by MSIF.
Deal Number: 23
Deal Completed: 31/03/2005
Price Paid: £ 4.0 million
How Satisifed: Cash
Jade Communications specialises in the provision of end-to-end network solutions operating within the areas of wireless and hand-held solutions, LAN, deployment services and structured cabling.
The company employs 100 staff and operates across a wide range of industries including education, finance, government, healthcare, hospitality, logistics and retail. A fast-growing, high profile customer base includes names such as Debenhams, Gist, Homebase, HSBC, Manchester Metropolitan University, Marks and Spencer, McDonalds and Tesco.
The £4m funding package was led by MSIF and includes backing from the Royal Bank of Scotland, Eurosales Finance and the Managing Director of Jade, Mark Brackley.
