7. The Networking People (TNP)
Size: 52 staff, £13.1m revenues
Acquirer: YFM Equity Partners
When: April
Rationale
YFM’s investment in this £13m-revenue network, connectivity and cyber specialist will “support its next phase of growth”, the private equity house claimed.
Lancaster-based TNP specialises in designing, implementing, and managing critical ICT network infrastructure.
The transaction facilitates an MBO led by MD Scott Daniels and Technical Director Robin Williams. Former Nasstar CEO Nigel Redwood also joined as Chair as part of the investment.
What they said
“This investment marks an exciting new chapter for TNP. With YFM’s backing, we can build on our strong foundation, expand our reach, and continue to provide the best possible network and security solutions to our clients,” – TNP MD, Scott Daniels
Noteworthy nugget
TNP was formed in 2012 by staff from LUNS Ltd (Lancaster University Network Services). Both Daniels and Wiliams graduated from Lancaster University in 2004 with degrees in Computer Science.
Which 6 acquisitions were bigger? See next page…
