Endless's Enact buys Redhall Networks from administration

Alessia Argentieri
20 June 2019

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Turnaround specialist Endless has carved out UK-based telecommunications company Redhall Networks from Redhall Group, which has been under administration since the beginning of June.

This is the first investment made by the GP via its Enact Fund II, which held its final close on £30m this week. The vehicle invests up to £5m in UK-based SMEs that are facing capital constraints, strategic challenges or operational issues.

The GP has bought the trade and assets of Redhall Networks, following the appointment of administrators Grant Thornton to both Redhall Networks and Redhall Group. The investment will safeguard 50 jobs at the company, according to a statement from Endless.

The GP intends to back the company's management team led by Gavin and Simon Rabbitt by providing working capital to support its growth plans, and enable the business to take advantage of opportunities related to the roll-out of 5G.

Chris Cormack, partner at Endless and manager of Enact Fund II, will join Redhall Networks' board as part of the deal.

Company
Chesterfield-based Redhall Networks provides mobile telecommunications and broadcast companies with network optimisation, management and maintenance, in addition to the upgrading of mobile phone infrastructure. It offers commissioning and integration of 2G, 3G, 4G and 5G networks.

The company was part of Redhall Group, which controls a number of companies operating in the engineering, manufacturing and telecommunications sectors.

People
Endless – Chris Cormack (partner).
Redhall Networks – Gavin Rabbitt (managing director).

Advisers
Equity – Womble Bond Dickinson (legal).