Beech Tree Private Equity recently announced the £35 million management buyout (“MBO”) of Wavenet, a specialist provider of Unified Communications (“UC”) solutions to UK SMEs. Diligent Consulting provided IT due diligence on behalf of the Private Equity firm prior to the investment, ensuring key IT risks were addressed, thus safeguarding the client’s investment opportunity. Diligent Consultancy also provided IT strategic remediation plans to ensure the IT matches the current and future needs of the business.

In addition to funding the MBO, Beech Tree Private Equity, together with the Royal Bank of Scotland, have committed a significant acquisition war chest to allow the business to make a number of key strategic bolt-ons to support the organic growth trajectory.

Paul Franks, Managing Partner at Beech Tree Private Equity said: “We are really excited to be working with Wavenet and have been extremely impressed with the technology and expertise that the team have created within the Wavenet business. The management team have clearly invested heavily in the technology and infrastructure which will make the delivery of our growth plans much easier. We are also backing a team that have completed several acquisitions very successfully in the past and with the capital we have injected to make acquisitions, we think we can significantly grow the business together.”