CBPE acquires Ideal Networks

The GP invested alongside Ideal Networks' management team, which retained the remaining minority stake in the business and will continue to lead the company. In addition, CBPE partners Mathew Hutchinson and Ben Lewis will join the board of Ideal Networks to support the management in this new phase of expansion.

Unquote understands that the GP deployed capital from its CBPE Capital Fund IX, which held a final close on its £459m hard-cap in August 2016.

Ideal Networks, led by CEO Paul Walsh, intends to use the fresh capital to boost its product innovation, and invest in research and development. 

Company
Established in Stokenchurch, England, in 2010 as a subsidiary of Illinois-based Ideal Industries, Ideal Networks is a manufacturer of portable equipment for data cable and network testing, validation and certification. 

The company's handsets simulate data flow to provide network diagnostics, enabling engineers to certify newly installed network cabling and to resolve network issues across both local area networks (LAN) and wide area networks (WAN).  Ideal Networks sells its products across EMEA, North America, Latin America and Asia. 

People
CBPE Capital – Mathew Hutchinson (partner).
Ideal Networks  – Paul Walsh (CEO).

Advisers
Equity – Reed Smith (legal); PMSI (commercial due diligence).
Vendor – William Blair (corporate finance).

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• Topics
• Buyouts
• UK / Ireland
• Technology
• Close Brothers Private Equity (CBPE)
• United Kingdom
• Reed Smith
• William Blair