The Channel logo

News

By | Drew Cullen 18th March 2005 11:30

ISG Webb sold for £17m

Private equity-funded MBO

ISG Webb, the UK-based networking reseller, has been sold to its managers and Royal London Private Equity for £17m.

The changing of the guard gives the founding shareholders an exit route, and it also brings some new money – amount unspecified – to the table, enabling the firm "to pursue strategic growth opportunities in the IT services sector". Lloyds TSB Acquisition Finance is supplying debt funding, amount unspecified, for the transaction.

RLPE will take a majority stake, again unspecified, in the business, joining three directors, who have run ISG Webb since 2001. Peter Maclean, former chief executive of Guardian iT, has been appointed chief executive.

ISG Webb employs 220 staff in Scotland, Manchester, Birmingham and Sevenoaks, Kent (where it has its headquarters) and it specialises in IT plumbing contracts - cabling and infrastructure stuff such as installing 7,000 wireless access points for a supermarket chain. The company has several vendor plaques, including Cisco, IBM, Microsoft, HP and a lot of cabling guys. It cheerfully boasts that its business does not set the heart racing. On its website, it says:

Press coverage about ISG Webb does not tend to make the most fascinating reading. That's the problem with trying to make the world a duller place.

®

Related stories

GFI Informatique pulling out of UK, Northern Europe
'What does HP do?' asks Europe's biggest dealer
Logicalis UK buys Notability
TSG buys Leeds reseller

alert Send corrections

Opinion

Neil McAllister

Claims that cloud will drive Oracle's future growth ring hollow
Pure Storage array

Neil McAllister

How the cloud taught Redmond to play by a new set of rules

Features

Pebble Steel
Meet the man who accidentally created the smartwatch hype
No, silly... he was the fall guy for years of Finnish folly
Fraud image