Knight advises EACS for third deal during lockdown

During lockdown, technology and telecoms adviser Knight Corporate Finance has completed three deals most recently advising IT managed service provider EACS on its multi-million funding package with Shawbrook Bank.

“The ICT sector has been critical in keeping the UK open for business and deserves recognition for this” commented Knight CF Director Adam Zoldan. “The buoyancy of the sector has been reflected in the strong deal flow and continued commitment from buyers, sellers, funders and investors”.

“All credit to EACS management team who were able to deliver at a challenging time for a fund-raise, I am sure the Channel as a whole will take heart from this success story. Our view is that a combination of recurring revenue model and compelling growth opportunities will ensure the value creation prospects will remain strong for some time” said Adam Zoldan.

Kevin Timms, CEO at EACS commented “Having worked with Adam and the Knight team on our debt funding three years ago, we knew Knight had the expert knowledge of the sector and strong funder relationships to deliver a deal that would meet the business’ growth ambitions. In Shawbrook Bank, we are confident we have the perfect partner to help us achieve this”.

Zoldan continued “We have seen an awful lot of talk, negativity and commentator speculation. At Knight we saw first-hand how the channel took stock of the situation and worked tirelessly to ensure that their customers had the solutions and tools to deliver effective remote working. It felt obvious to us that this huge positive impact on UK businesses would be appreciated by funders and investors alike, and this has been reflected in the continued deal activity”.

James Caplan supported Adam on this deal added “Rather than talking, we are working and its extremely satisfying for the team to have completed three lock-down deals to date, with a stream of further deal announcements expected ahead”.

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David Dungay

Editor - Comms Business Magazine