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Adam Zoldan, Knight CF[/caption]
Knight Corporate Finance, the specialist TMT corporate finance boutique, advised the shareholders of Frontier Voice and Data on its sale to technology solutions provider, Chess ICT.
Frontier was owned and operated by industry veterans Peter Southgate and Sean Linehan who have built a number of successful businesses in the comms sector. Knight CF has a long standing relationship with Peter and Sean having also advised them on the sale of Cable Telecommunications and Pink Telecom also to Chess in 2012.
Peter Southgate commented: “After a career in comms spanning four decades, we appointed Knight with a view to realising the best possible value for the business that would enable me to finally hang up my boots…and my telephone!”.
Knight CF’s sale process is a disciplined structured process designed to target the most appropriate buyers and generate a high level of competition. It enables shareholders to specify the precise terms on which they are inviting offers. Following strong competition from a variety of bidders, Chess emerged as the victor offering a high value package that enabled the shareholders to comfortably step away from the business.
Adam Zoldan, Director of Knight CF said:
