Sale of Babble to Graphite Capital Partners

    Submission Date: November 16 2020

    Completion Date: November 10 2020

    Target: Babble

    Acquirer: Graphite Capital Partners

    Deal Value: £90m

    Deal Description:

    Spectrum Corporate Finance advised mid-market private equity firm LDC and unified technology solutions provider Babble, on the sale of the business in a secondary management buy-out backed by Graphite Capital Partners. Working to a tight timescale Spectrum conducted a focused process resulting in an exceptional deal for all parties with Graphite securing the deal at a £90m valuation to support the next exciting stage of Babble’s development. LDC has retained a minority stake in the business to support its continued growth.

    Funding: Apera

    Corporate Finance Advisers: Spectrum Corporate Finance (Simon Davies, James Mines, Sanj Benawra and Ian Milne)

    Legal Advisers: Gateley Legal

    Financial Due Diligence: RSM

    Commercial Due Diligence: Analysys Mason