Tomorrow Communications is an award-winning, fast-growth provider of design, consultancy and R&D of IT network solutions. The business has in recent years built up a highly-skilled and innovative permanent team of Network Engineers, who provide clients with top-level IT and network services, and project management expertise. This high quality service will enable the business to reach forecasted revenues of £19.5m in the current year, a growth of over 30% compound for the last three years.
Cobalt, led by Paddy MccGwire and David Ford, acted as advisors to the vendor. Paddy had been advising the board for 30 months on their value creation and realisation strategy, prior to commencing a sale process. Cobalt worked with the shareholders to map the marketplace, identify and contact potential buyers and negotiate a transaction through to final completion.
Malcolm Wyllie, Director of Tomorrow Communications commented, "Not only did the Cobalt team deliver us a great sale, they also spent two years beforehand preparing our business and management to ensure we were ready for it.”
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For further information please contact Paddy MccGwire pmccgwire@cobaltcf.com or on +44 (0) 20 7491 1271