MBO at Derby telecoms firm

Derby-based critical communications company TTG Global Group (TTG) is to sell its Indigo Telecom Group (Indigo) business and its associated subsidiaries to the company’s management.

TTG says the sale will help it “deliver on the Group’s strategic objectives of simplifying group activities” and provide greater focus on and investment in its remaining core businesses: affini Technology and Simoco Group.

TTG Group CEO Mike Norfield said, “We have worked hard to develop Indigo into a market leader in its sector and we pass the business on to its new owners as a resilient, profitable and vibrant business, with significant growth prospects in its chosen telecommunications industry sectors.

“The increased focus that this allows TTG to give to its two core businesses is fundamental to driving long term shareholder value. I am excited, in particular, by the global opportunities for our core service offerings based: on consult, build, operate, in our key industry sectors which include: utilities, mining, oil and gas, transportation and emergency services.”

TTG was advised by the corporate finance teams at Deloitte and Eversheds in Birmingham.