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Shoosmiths advises RBS on GCI Telecom Group funding

09 July 2010

Shoosmiths has advised Royal Bank of Scotland (RBS) on its financial backing of GCI Telecom Group Ltd’s acquisition of the shares in Netservice UK Ltd and WAN Services Ltd from Netservices plc.

Led by Tom Bird, associate in the law firm’s corporate finance team, Shoosmiths provided legal advice to RBS to enable essential funding for the acquisition. Another key member of the Shoosmiths’ team was corporate finance associate Emma Dolphin.

Trading as Edge Telecom and IPI, the GCI Telecom Group is an experienced and fast-growing specialist telecoms provider.

Bird said: “This is a significant strategic bolt-on acquisition for GCI Telecom Group on the back of several other deals that they’ve completed in the last few years.

“Although the deal market is still tough, things are improving and acquisitions like this are a good sign that market activity is picking up and funding is available for good quality deals.”

David Hughes, relationship director at RBS Corporate and Institutional Banking, said: "This is another good acquisition for GCI and thanks to all parties working closely the deal was delivered within the desired timescales."

 

For further information please contact:
Name: Sophie Llewhelin
Phone: 03700 86 4127
Email: sophie.llewhelin@shoosmiths.co.uk

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