The Northern corporate team at national law firm Shoosmiths advised private equity investor YFM Equity Partners on its investment in business telecoms company 4net Technologies Ltd.
Partners Karen Procter (Manchester) and James Foster (Leeds) advised the specialist SME investor on deal, worth £9m, with the fast-growing Manchester-based company which provides telephony, contact centre and unified communications infrastructure and software to business and public sector organisations.
Founded in 2005, 4net has built a reputation for service excellence and innovation. It has offices at Trafford Park, Manchester, Burton on Trent, Reading and London. The company has won multiple industry awards for its customer service and innovation.
Karen Procter, Head of Corporate at Shoosmiths in Manchester said: "4net is an excellent business with a long-standing reputation for excellence. In YFM it has found a fantastic partner for further growth.
'This deal has demonstrated our strength of our team across the North, with myself and James Foster advising YFM on both sides of the Pennines,
It's looking like being an incredibly busy autumn for the corporate team, with some really significant transactions completing in the coming weeks.'
The 4net deal is the private equity firm's fourth investment from its FYMEP 2016 Fund, which was raised to invest in well-established UK businesses and to support management teams in delivering their ambitious growth plans.
Nigel Owens, investment director at YFM's Sheffield office, said: '4net has established an impressive reputation in providing innovative solutions to its corporate and government customer base, which has fuelled impressive growth. We look forward to working with the team in the next stage of its development.'
Richard Pennington, co-founder and managing director at 4net, added: 'We are a telecommunications business that puts the customer at the heart of what we do. We are looking forward to working with YFM to continue to provide award winning support and managed services for our customers and their mission critical infrastructures, and to help them adopt the right technologies to help them transform their communications and customer experience'