Arrowpoint Advisory's TMT and Debt Advisory teams have advised ECI Partners on the buy-out of the international critical communications service provider CSL DualCom from its previous institutional shareholders, Norland Capital, ICONIQ Capital and RIT Capital Partners.
Founded in 1996, CSL is the UK market leader in providing critical machine-to-machine (M2M) connectivity solutions across Fire, Security and Telehealth sectors and Internet of Things (IoT) applications. CSL has invested significantly in its core Fire and Security customer base over the last 24 years, with the latest DualCom Pro range providing highly reliable alarm signalling for domestic, commercial and retail premises. The CSL Health range enables wireless telecare services for vulnerable residents.
CSL services over 1 million M2M/IoT devices and monitors 4 billion events through its platforms each month across the UK, Sweden, the Netherlands, Spain and Ireland.
In recent years, CSL has grown both organically and through acquisition, having made four acquisitions since it was backed by ICONIQ, Norland and RIT in 2016, a transaction which Arrowpoint Advisory also advised on.
Edward Heale, CEO at CSL said: “We are delighted to be partnering with ECI; they know and understand our business and the sector in which we operate. This partnership will allow us to continue to invest in innovation and bring our secure, reliable and hassle-free critical connectivity solutions to a wider audience. We look forward to building on the investment of the last four years and will continue to expand into new international markets and enhance our product solutions for our customers.”
Paul McCreadie, Partner at ECI, commented: “We appointed Arrowpoint Advisory because of their track record in the Technology sector and strong execution and debt advisory capabilities. Their input was invaluable in helping us to execute an efficient and successful transaction for all parties.”
Richard Fetterman, Managing Director at Arrowpoint Advisory, concluded: “We are delighted to have advised ECI on its investment in CSL and to have once again played a part in its journey. It is a fantastic business with exciting further growth potential and highly attractive quality of earnings.”