Livingbridge has acquired FluidOne from Rigby Group plc

Located in Central London, FluidOne provides a range of quality data connectivity services to UK businesses across the construction, hospitality, professional services and retail sectors. The business helps its diverse and loyal customer base to securely connect any device to business-related data and applications through its unique, integrated technology platform.

The company’s unique platform is both well-invested and scaleable; meaning the business is on track for both organic and acquisitive growth. It has also identified significant opportunities for cross-selling, targeted sales, marketing campaigns and new product development.

The investment builds upon Livingbridge’s significant experience in the connectivity sector with investments including M247 (a connectivity and internet infrastructure provider), Southern Communications (a B2B telecoms business) and Onyx (an IT infrastructure provider).

Lincoln acted as the exclusive financial adviser to Livingbridge and worked closely with the Livingbridge deal team to evaluate the opportunity and manage the transaction to a successful conclusion. This included a critical assessment of the business, its position within the complex ITMS landscape, both today and in the future; as well as hands on day-to-day execution support to enable an efficient and successful process.

Chris Brooks, Managing Director and head of Lincoln’s UK TMT Group, commented, “We are delighted to have advised Livingbridge on this transaction. Having worked with the founding shareholders on the sale of a stake to Rigby Group in 2015 and followed the subsequent successful growth of the business; we are pleased to have supported the company at this exciting next stage in its development.”

  • 2019
    Close Year
  • Technology, Media & Telecom
    Industry
  • Private Equity
    Client Type
  • Strategic | Domestic
    Transaction Type
  • United Kingdom
    Country
We are delighted to acquire FluidOne, a business which is set for significant growth, being both well-invested and poised to benefit from favourable market trends, as the UK becomes increasingly digitally focused. Lincoln provided us with complementary sector insight, as well as valuable transaction support to complete the transaction.
Matthew Caffrey
Partner at Livingbridge

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