MML supports Arrow's acquisition of Click Networks

The in-house help desk and field engineer teams will expand Arrow's existing IT team and enable it to provide broader consultancy, support and services across England and Scotland.

Click Networks is the third acquisition following MML's investment, alongside Altinet and BTL Communications.

MML acquired Arrow from Growth Capital Partners in January 2020 for around £110m. MML invested £47m in equity, drawn from MML Partnership Capital VII, which has yet to hold a final close. CVC Credit provided a £70m acquisition facility to the company, including a senior term loan and a committed acquisition facility.

Company
Established in 2005, Click Networks provides IT consultancy, cloud services, security analysis, hosted telephony and connectivity services. It is based in Glasgow.

People
Click Networks – Mark Mahaffy (managing director).

Advisers
Acquirer – Kemp Little, Deborah Angel (legal); RSM, Rob McCarthy (financial due diligence).

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• Topics
• Expansion
• UK / Ireland
• Technology
• United Kingdom
• MML Capital Partners
• Build-up
• Buy-and-build