Group opens post-MBO war chest for acquisition
Communications business Wavenet has dipped into its war chest for the first time since its £35m management buyout in August.
It has bought Talk Internet, a small provider of network and cloud services based in Warrington, Cheshire.
Wavenet, which spent £2.8m on businesses in Worcester and Surrey in 2014, has grown turnover to £13.7m in the year to April 2016.
Beech Tree Private Equity took a majority stake in the Solihull business last year and at the time said it planned to make a number of "key strategic bolt-ons".
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