ISIS Equity Partners, investing funds from the Baronsmead VCTs, has completed the £11.5m management buyout of IT company CableCom. Based in Clevedon, near Bristol, CableCom operates in the growing market of IT and communication managed services to multi-tenanted properties, primarily focused in the UK student accommodation and key worker sectors. CableCom has over time developed its offering to include the management of a range of communications including broadband, telephony and TV at universities including Nottingham Trent, Middlesex and Glamorgan. The business is also a provider of networking solutions to corporate clients such as Friends Provident, Orange and Legal & General.
Also backing the biotech startup were the Zürcher Kantonalbank and Greencross Medical Science Corp
Company plans to use the fresh capital to further expand, develop new features and scale up its team
EVentures, 468 Capital and HV Holtzbrinck back the round for the climate change mitigation app
Clessidra has been in negotiations for the acquisition of the Italian wine producer since February 2020