Today, Q Advisors and Acuity Advisors, members of a global TMT investment banking alliance, announced the joint representation of acting as the exclusive financial advisors to Mission Labs Limited (“Mission Labs”) in connection with its sale to Gamma Communications plc (“Gamma”). The valuation multiple is one of the highest for a cloud communications transaction to date, and will provide Gamma with additional capabilities in the rapidly evolving Cloud Communications and Contact Center as a Service Solutions (CCaaS) market.
Gamma, a leading U.K. and European Cloud and Communications provider, provides robust, innovative, and secure market-leading cloud-based services, including SIP Trunking and Hosted PBX, to enable organizations to communicate, collaborate, and offer a better customer experience.
Mission Labs is a leading provider of Unified Communications as a Service (“UCaaS”) and CCaaS to enterprises and the public sector in the United Kingdom. The UCaaS technology business is known for creating technologically advanced solutions and delivering great service to its customers and partners.
“We hired Q Advisors and Acuity Advisors for their deep knowledge of the cloud and managed services sectors, particularly around Contact Center and UCaaS, and their ability to understand the strategy of all the global players in the space,” commented Damian Hansen, CEO and Founder of Mission Labs. “We are excited for our new relationship with Gamma and could not be more pleased with the financial and strategic outcome for Mission Labs, our stakeholders, and employees. It was great working with advisors who listened to our objectives, first and foremost, and were able to secure an industry-leading multiple for our business.”
“We were honored to be chosen by Mission Labs and their investors, and working with them was a great experience leading to an industry-leading multiple in the CCaaS space,” said Michael Quinn, Founding Partner at Q Advisors. “Our first transaction with our new alliance partner, Acuity, was an exciting accomplishment and produced a great result for our mutual client.”
In addition, Q Advisors has closed more than 160 deals in the U.S. and Europe to date. This transaction marks the team’s 30th cloud transaction in Europe and 3rd opposite Gamma plc.
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