RBS fund supports £1.8m telecoms deal

The Royal Bank of Scotland has supported North West based business communications specialist Telesis in a £1.8million deal with Nine Telecom Group (NTG) to acquire two of its customer bases.

The deal, which has been supported by £1.25million funding from Royal Bank of Scotland Corporate Transactions team, has seen Telesis acquire 600 new end users and will result in increased revenues of approximately £1.35million for the firm in the first year.

Part of the company’s ongoing growth strategy, the agreement is the firm’s second acquisition in the last eight months, following a deal with Direct Telecom last June.

John Copping, Regional Head of the North and Scotland, Royal Bank of Scotland Corporate Transactions Team said: “Telesis is led by an impressive management team who has a wealth of experience and strong strategic grasp of the sector. I am pleased that we have been able to support the company with its second acquisition deal.  It is great to work alongside such a dynamic local business and to help them to achieve their growth aspirations.”

Since it was established in 2009, Bolton based Telesis Limited has reported impressive results, achieving organic year on year growth that has taken the firm to £5million turnover in only six years. The firm is now focussed on further expansion, aiming to secure an annual turnover of £10million within the next three years through a combination of strategic acquisitions and organic expansion.

Telesis supplies firms across the North West with bespoke communication packages covering all requirements, including phone systems, calls and lines, mobile services, broadband, call recording, CCTV, VOIP and connectivity products, engineering services as well as other add-ons. Telesis currently employs over 50 members of staff with new roles in accounts, customer service and technical support to be created as a result of this latest acquisition.

Christian Bleakley, Director of Telesis Limited, said: “We have been really impressed with the team at Royal Bank of Scotland and the support we have received.  This is the second time we have worked with the bank on an acquisition deal and we couldn’t be happier with the service they have provided.  The team really pulled out all of the stops to help us act in a very short time-frame and their enthusiasm and efficiency has meant that this has been a successful transaction.”