Technology group adds £75m ‘firepower’ for acquisitive strategy

Wavenet has refinanced to create a £75m war chest to provide added "firepower" for its buy-and-build strategy. The Birmingham technology group specialises in voice, data and cloud services, and since a management buyout in August 2016 has doubled the size of the business. The growth has been driven by three acquisitions - of Swains and Talk Internet in 2017 and APR Telecoms this April. Paul Franks, managing partner at Beech Tree Private Equity, which has a majority stake in Wavenet, said: "The team at Wavenet have done a phe... You can carry on reading for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...