Onecom has acquired 9 Group and Nice Network
Arrowpoint Advisory has advised Onecom, an award-winning telecoms and cloud provider, on its acquisition of 9 Group and Nice Network. Following investment from mid-market private equity firm LDC in July 2019, Onecom has embarked on a buy and build strategy completing four deals, with 9 Group being the latest and most transformational.
Nice Network is a Sunderland-headquartered provider of mobile and hosted voice solutions to enterprise and SME customers. 9 Group serves over 5000 direct SME customers and 450 wholesale partners, providing hosted voice and connectivity solutions, localised customer service and billing and analytics.
The acquisition of 9 Group and Nice Network diversifies Onecom’s product mix and provides a new route to market through 9 Group’s wholesale channel.
Christian Craggs, Director of Strategy and M&A of Onecom, said: “The Arrowpoint Advisory team contributed to the success of these transactions with in-depth market knowledge and sound tactical advice and support concerning structure and commercial terms.”
Ian Guilfoyle, Director, Arrowpoint Advisory, added: “With the pandemic underlining the importance of communications solutions, these acquisitions fill out Onecom’s service offering and position them as the marquee provider of telecoms and cloud solutions to the SME market.”