Deal alert

Advising Babble Cloud Holdings Limited on their acquisition of Shape Networks Limited

We have advised acquisitive cloud solutions firm, Babble, on the acquisition of Shape Networks Limited.

Based in London and with a presence in Manchester, communications company Shape Networks provides fixed line voice, mobile, data and managed services to its customers. The acquisition will enhance Babble’s ability to offer efficient cloud-based solutions to organisations, allowing them to rapidly adapt to the changing world of work.

Shape Networks marks the latest in a stream of acquisitions made by London-based Babble since they first partnered with private equity investor LDC in 2017. They have more acquisitions in the pipeline, as they pursue their £100m revenue target, and following their recently announced further investment from Graphite Capital.

Lead partner on this deal, Andrew Peddie, said: "It has been great to work with the team at Babble once again. We are delighted to have advised on this latest acquisition in their ambitious buy-and-build programme.” 

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