Established in 1992, Connect Communications supplies telephone systems and unified communications channels to businesses across the UK, mainland Europe, Middle East and Africa. Headquartered in London, the company employs 55 people, and has a strategic network of international operations, including offices in Paris and Frankfurt.
Having reported “significant” revenue growth in recent years, Connect Communications has an annual turnover of £10m, the company said.
LDC has backed Connect Communications’ existing management team Martin Cross and David Rose, who will retain a significant shareholding, together with entrepreneur Alex Tupman who joins the business as chief executive. The transaction also enables the other two co-founding shareholders to fully exit the business.
Clark said, “Connect Communications is a well-established market-leading business, operating in a buoyant market that is being driven by consistent demand for highly technical telecoms systems maintenance by both SMEs and large corporates alike. The business provides a high-end service to its customer base across the UK and EMEA region, and is supported by a well invested infrastructure. We will be working closely with the management team, led by Alex Tupman, to execute the next phase of the business’ growth.”
The deal with Connect Communications represents LDC’s sixth new investment of 2014, having invested over £65m of new funding, together with more than £30m of capital to support portfolio business acquisitions. Earlier this week the firm backed the £30m acquisition of Prism UK Medical.
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