M&A Finance / Acquisition

Investment bank Macquarie has appointed advisors PJT Partners as it explores the sale of KCOM, according to a report by the Telegraph.

Breakwater IT MD John Gostling, and Business Services Director, Jordan Lamb, become shared owners over the business following a successful management buyout.

Version 1 has acquired Farsight Consulting to add around €20m in revenue and 133 members of staff.

Westcoast has strengthened its components portfolio with the acquisition of fellow distributor Spire Technology.

Connectus has completed its second deal within five months with the acquisition of IT For Growth and is eyeing several more transactions later this year.

CloudClevr has acquired Microsoft CSP partner Twisted Fish IT, taking its run-rate revenues north of £30m and strengthening its IT skills foundation.

Telecom Acquisitions (TAL) has agreed to deals with No One Internet and Link Broadband to acquire customers the ISPs have signed up to the CityFibre network.

The Competition and Markets Authority (CMA) will refer Vodafone UK and Three UK’s planned merger to a Phase 2 review, citing concerns that the deal may lead to mobile customers facing higher prices and reduced quality.