Gamma has named three of its suitors as a potential bidding battle for the LSE-listed comms outfit brews.
Having confirmed it was in potential sale talks in April, Gamma yesterday acknowledged press speculation that it is in discussions with a consortium comprising Oakley Capital and Giacom, as well as Epiris.
Just two days earlier, it had named Providence Equity Partners as among the parties at the table.
In both cases, Gamma stressed that “these discussions remain at a preliminary stage”.
“There can be no certainty that any offer will be made for the Company nor as to the terms of any offer, if made,” it stated in both announcements.
The second of Gamma’s latest announcements came after Sky News reported Giacom Chairman Matthew Riley is partnering with Oakley Capital on a potential takeover of Gamma.
Boasting 2025 revenues of £645.8m, Gamma supplies unified communications, SIP trunking, hosted phone systems, mobile and connectivity via over 1,500 channel partners and directly.
Its shares soared around 10% on the news, pushing its market value to around £914m today.
Gamma first revealed it was in preliminary discussions with “a number of interested counterparties” on 7 April.
The various bidders were given 28 days to make an offer (so until 12 June in the case of Giacom/Oakley and Epiris and 10 June for Providence).
Sky News said it had contacted Giacom, Inflexion, Oakley and Gamma for comment.
