Advising Babble Cloud on the acquisition of Diva Telecom
We have advised communications technology supplier, Babble Cloud Holdings Limited, on their acquisition of Leeds based Diva Telecom Limited.
Industry leader Babble Cloud Limited has expanded its footprint in the telecommunications sector by acquiring Diva Telecom. We advised Babble on the acquisition of the entire share capital of Diva Telecom Limited from the two individual selling shareholders, with the acquisition being entirely debt funded by AIB bank via the Buyer.
Diva Telecom Limited is an award-winning telecoms business, founded in 2006, with a global customer base over 1000 companies headquartered in Leeds. This latest acquisition by Babble almost doubles their customer base and further strengthens their core capabilities.
Andrew Peddie, who advised on the deal said “It has been brilliant to work with Babble on this transaction, and support the team in advancing their growth strategy”.
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