Daisy back on acquisition trail after deal

Daisy back on acquisition trail after deal

Daisy is back on the acquisition trail after cutting a deal with Barclays for an additional £40m to help fund further acquisitions.

The move, announced this week, was hailed by industry analysts as a vote of confidence in Daisy’s strategy and in the strength of the b2b unified communications market.

Adam Zoldan, director of Knight Corporate Finance said: ‘It is good to see confidence in the market. I am sure Daisy has a few more targets in its sights and I expect to see some deals fairly soon.’

Barclays joins Lloyds TSB, Yorkshire Bank and HSBC as members of Daisy’s funding syndicate.

IS Research analyst Phillip Carse said: ‘This is the fourth bank that Daisy has convinced to invest in it and attracting a blue chip investor like Barclays shows the strength of its strategy.’

Ovum principal telecoms analyst David Molony said: ‘This deal is consistent with Daisy’s strategy as a consolidator. It has around 10 acquisitions already under its belt and is looking to acquire around 20 or so companies in total, putting it in fourth place in the market behind BT, Cable & Wireless and Virgin Media Business.’

Molony said Daisy’s next acquisition could be a data hosting company.

He added: ‘I would expect Daisy to be looking to add more hosting and data centre capability – more remote service hosting and delivery from more complex data centres.’

However, Maloney does not rule out another acquisition similar to the SpiriTel deal.

He said: ‘Daisy could well buy another rival company to bulk up on contracts.’

Written by Mobile Today
Mobile Today

Comments

Please wait...


Please write code to prove you're human