Top 100 law firm Birketts has advised the shareholders of Magdalene, a Cambridgeshire-based telecoms infrastructure services provider, on its sale to M Group Services. The financial details of the transaction were not disclosed.
Headquartered in St Ives, Magdalene is a specialist provider of design, build, procurement, installation, commissioning, maintenance and repair support services to telecommunications carriers, equipment sellers and private businesses in the UK and Ireland.
With a turnover of £1bn, M Group Services is a leading provider of services to the regulated infrastructure markets in the UK, including utilities, transport, telecom, and data capture. The company operates through its subsidiaries that include Morrison Utility Services, Morrison Data Services, Dyer & Butler and M Group Services Plant & Fleet Solutions.
Birketts advised the shareholders on all legal matters with Mark Henry, Partner in Birketts’ Corporate Team, leading on the transaction, assisted by Emma Bysouth (Corporate), Karl Pocock (Tax), Keith Andrews (Property) and Jenny Leeder (Employment).
Mark Turner, Managing Director at Magdalene, commented: “The Birketts team gave us complete confidence throughout the process: a very proactive and thoroughly professional organisation.”
“I am delighted that we were able to bring this sale to fruition. The acquisition by M Group Services signals the next exciting phase of Magdalene’s continuing growth. I wish Magdalene continued successful growth as part of M Group Services”, said Mark Henry.
The content of this article is for general information only. It is not, and should not be taken as, legal advice. If you require any further information in relation to this article please contact the author in the first instance. Law covered as at October 2017.