Palatine sells MJ Quinn telecoms arm to Visabeira/Constructel

MJ Quinn's management team will remain with the business following the deal, while Palatine will continue to own a majority stake in MJ Quinn's rail division, which was recently rebranded as Quinn Infrastructure Services.

The GP is invested in the company via its £100m maiden fund.

Previous funding
Palatine acquired MJ Quinn from 3i, MSIF and the company's management team in 2008.

Company
MJ Quinn was founded in 1979 and is headquartered in Liverpool. In addition to its telecoms division, the business installs and maintains mechanical, electrical, fire detection and suppression systems for the transport, retail, commerce, public services, education and hospitality sectors.

People
Palatine Private Equity – Ed Fazakerley (partner).
MJ Quinn (telecommunications) – Mike Quinn (CEO); Alan O'Prey (managing director); Mike Orme (finance director).

Advisers
Vendor – PwC, Dan Gallagher, Oliver Wildig, Richard Baty (corporate finance); DWF, Jon Robinson, Katy Phillips (legal); RSM, Colin Smyth, Tim Douglas (tax).
Company – Hill Dickinson, Craig Scott (legal); BDO, Hilary Sharpe (tax).

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• Topics
• Exits
• UK / Ireland
• Technology
• United Kingdom
• Palatine Private Equity
• Trade sale
• PwC
• BDO LLP
• RSM Global