Adviser brokers transatlantic deal
WARRINGTON-based Knight Corporate Finance has advised on a deal which has seen cloud contact centre solutions provider Callstream bought by a US buyer for an undisclosed sum.
J2 Global Inc, which is listed on NASDAQ and headquartered in Los Angeles, has more than 1,600 employees in 14 countries and serves over 3,000,000 customers.
The acquisition of Birmingham-based Callstream will provide additional scale to J2’s UK based activities.
The US giant, recently reported Global 2015 revenues and EBITDA of $721m and $333m, up 20% and 27% respectively, with 70% coming from its cloud services and 30% from its media publishing activities.
Paul Billingham of Knight Corporate Finance advised Callstream’s shareholders on the deal.
He said: “We worked with Callstream since 2009, it is a tremendously successful business and will form a strong part of J2.
“This latest transaction is a good example of how we can work with a business over a number of years advising on strategy, M&A and exit planning to ensure the best possible outcome for shareholders.
“M&A in the sector continues to be vibrant in the North and we look forward to strengthening our position as the leading advisor in the lower to mid-market range in TMT.”
