Channel M&A specialist firm, Knight Corporate Finance have announced the disposals of CI Wholesale to Chess and Maxim Solutions to GP Network Solutions.
The most recent transaction involved the sale of Maxim Solutions to GP Network Services. Peter Smith of Maxim commented: “From a very early stage Knight CF identified the most appropriate buyer for our company, and they were absolutely right.” Ash Bodey of Maxim continued: “Knight were always on hand for us and delivered a deal within incredibly tight timescales. They were a pleasure to deal with and delivered on their promises.”
Commenting on the partial sale of his customer base to Chess, Alan Snelling, Director of CI Wholesale said: “Knight CF ran a competitive tender for the base and surpassed our expectations in terms of the price that was achieved. They ensured the due diligence process did not deflect from our ability to run the business and worked with us through to a highly satisfactory completion.”
Adam Zoldan, Director at Knight CF said: “It’s our work with entrepreneurs where we add real tangible value. In an exit process we use our experience and relationships to negotiate the best possible price with the appropriate buyer. We then micro-manage the project through to completion as we recognise that above all our client’s number one priority has to be running their business.
“It’s an incredibly exciting time in the telecoms sector; with mid-sized resellers maintaining growth and continuing to attract high valuations, we fully expect the level of transactions to continue over the next six months as more buyers look to grow by acquisition.”