UK private equity firm Key Capital Partners (KCP) has led a £3m investment round for WHP Projects to help the mobile support services provider capitalise on the rollout of 4G.
The company provides end-to-end services for the deployment, upgrade and maintenance of mobile network masts, antennae and base stations for operators. Its clients include Everything Everywhere, the owner of T-Mobile and Orange.
WHP’s turnover nearly doubled to £17m in the year to end May 2012 from £9.2m in the previous fiscal year.
KCP noted that all major operators are investing to support the rollout of the 4G network.
KCP partner Peter Armitage said, “WHP is operating in an exciting, fast-changing market. This investment leaves it perfectly positioned to capitalise on developments in the next three to five years, in particular the rollout of 4G across all major network providers.
“A key focus for the company following the investment will be supporting operators as they look to consolidate and grow their estates and we will be looking to increase WHP’s work share with all the major network providers. With its experienced team of surveyors and engineers, WHP has the expertise to exploit the organic opportunities in the market.”
Earlier this month it was reported that Key Capital-backed furniture retailer Dwell was set to collapse into administration.
The firm, which is focused on smaller buyouts, hired Richard Thomas as investment director in its Birmingham office.
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