Acuity Advisors secures the sale of JMC Mobile Business to Large UK Mobile Operator

Independent corporate finance boutique, Acuity Advisors, has secured the sale of JMC Mobile Ltd’s mobile business (“JMC”) to a large and leading mobile telecommunications company.

JMC was established in 1999 and is headquartered in Newry, Co.Down. The business offers a broad range of telecommunication products including mobile, fixed line and monitoring solutions. Acuity worked with JMC over a number of months to prepare their mobile business for sale, before running an exit process and securing a number of competing offers.

The transaction consolidates Acuity’s strong reputation and track record in the telecommunications space, having advised on the cross-border sale of Cambridge–based Zinwave, a leading global supplier of in-building wireless coverage solutions and on the successful $9 million Series B funding round for Eseye.

Jim Finnegan, JMC’s Managing Director and Founder, commented: “Acuity delivered a five star performance for us and produced the result we were hoping for. They guided the JMC management team expertly through the process which resulted in the sale of our mobile customer business – an outstanding result for the company. Acuity’s hands-on approach and telecommunications background no doubt helped with our successful outcome and I have no hesitation in recommending them for a similar project”

Matthew Byatt, partner at Acuity Advisors, who led the process, added: “The sale of JMC’s mobile base  during a somewhat turbulent time for the mobile industry is a real achievement for Acuity and is testament to our thorough and considered approach to selling businesses. It has been a delight to work with JMC over an 18 month period – in helping shape JMC’s customer base for sale and then ultimately executing the process. We are very pleased to deliver this outcome for Jim and his team.”

quote Acuity delivered a five star performance for us and produced the result we were hoping for. They guided the JMC management team expertly through the process which resulted in the sale of our mobile customer business - an outstanding result for the company. Acuity’s hands-on approach and telecommunications background no doubt helped with our successful outcome and I have no hesitation in recommending them for a similar project. quote
Jim Finnegan JMC Mobile Limited

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