YFM and Octopus exit Callstream

The deal saw YFM and Octopus fully exiting their stakes in the company.

YFM and Octopus invested in Bluebell Telecoms Group in September 2010, co-leading a £3.95m funding round. Both groups invested through their VCT funds, acquiring minority stakes. The funding was used to enable Bluebell's acquisition of Callstream, to which it immediately changed its name.

Company
Callstream provides cloud-based call management technology to the UK insurance, travel and retail markets. It offers call management technology for contact centre operations, compliance and for marketing operations. Its technology is used for tracking and monitoring calls as well as integrating information from calls into CRM systems.

Callstream was established in 1999 and is based in Warwickshire. Bluebell was founded in 2010 and was based in Newcastle.

People
Callstream Group – Mick Crosthwaite (CEO).
YFM Equity Partners – Nigel Owens (investment director).
Octopus Investments – Grant Paul Florence (head of intermediate capital).

Advisers
Vendor – Knight Corporate Finance (corporate finance); Gateley (legal).

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• Topics
• Exits
• UK / Ireland
• Technology
• YFM Group
• Octopus Investments