Q Advisors and Acuity Advisors, members of a global TMT investment banking alliance, announced the joint representation of acting as the exclusive financial advisors to Mission Labs Limited (“Mission Labs”), a leading provider of Unified Communications as a Service (“UCaaS”) and Contact Center as a Service Solutions (“CCaaS”) to enterprises and the public sector in the United Kingdom, in connection with its sale to Gamma Communications plc (“Gamma”), a leading UK and European Cloud and Communications provider.
Gamma provides robust, innovative, and secure market-leading cloud-based services, including SIP Trunking and Hosted PBX, to enable organisations to communicate, collaborate, and offer a better customer experience. Mission Labs is a UCaaS technology business known for creating technologically advanced solutions and delivering great service to its customers and partners. This acquisition gives Gamma additional capabilities in the rapidly evolving Cloud Communications and CCaaS markets.
To see Gamma Communications’ full announcement, click here.
Damian Hansen, CEO and Founder of Mission Labs said:
“We hired Q Advisors and Acuity Advisors for their deep knowledge of the cloud and managed services sectors, particularly around Contact Center and UCaaS, and their ability to understand the strategy of all the global players in the space. We are excited for our new relationship with Gamma and could not be more pleased with the financial and strategic outcome for Mission Labs, our stakeholders, and employees. It was great working with advisors who listened to our objectives, first and foremost, and were able to secure an industry-leading multiple for our business.”
Michael Quinn, Founding Partner at Q Advisors commented:
“We were honoured to be chosen by Mission Labs and their investors, and working with them was a great experience leading to an industry-leading multiple in the CCaaS space. Our first transaction with our new alliance partner, Acuity, was an exciting accomplishment and produced a great result for our mutual client.”
Marcus Allchurch, Partner at Acuity Advisors added:
“I am delighted to have advised on such a fantastic transaction with our alliance partner Q Advisors, delivering a best-in-class international advisory capability with deep expertise in the Telecoms, Cloud & Managed Services sector. The team at Mission Labs have developed a powerful cloud-native platform which directly addresses key opportunities for service providers such as Gamma and this acquisition.”
Richard Baker, Managing Partner at Acuity Advisors said:
“Together with Q Advisors, we are proud to have supported Mission Labs on their sale to Gamma, with one of the highest valuations achieved in the contact center sector. This transaction in the Telecoms, Cloud, and Managed Services space has firmly established Acuity’s US alliance with Q Advisors.”