UK & Ireland law firm Browne Jacobson has advised Coniston Capital in its investment in Equity Networks, an IT managed service provider.
This mark’s Coniston’s sixth investment from its maiden fund which had its final close in March 2022.
Equity Networks was founded in 2011 and offers four key services: Managed Cloud Applications, including the implementation and maintenance of platforms like Office365, Managed Cloud Infrastructure, where data is migrated from outdated servers to the Cloud, Managed Security of Data and Managed Communications, primarily internet connectivity.
This investment will enable Equity Networks to execute the next phase of its acquisition strategy, with several opportunities already in the pipeline.
The Browne Jacobson team included Partner Mike Jackson, Senior Associate Matthew Dorman and Associate Sonia Bains advising on corporate matters, with Senior Associate Chereta Edmeade advising on banking matters.
Mike Jackson, Partner at Browne Jacobson, says: "Working with Coniston Capital on this investment has been a pleasure. Equity Networks is a fantastic company with a bright future ahead, and we are thrilled to have been a part of this transaction. We wish them all the best and look forward to seeing their continued success."
Alfred Chambers, Principal at Coniston Capital, says: “We’d like to thank Mike and the Browne Jacobson team for their hard work and support in advising us on this investment. The Equity Networks team has a clear focus on customer service and an ambitious buy-and-build strategy, and with Coniston’s support, we hope to see them complete several more transactions.”