Sale: Current Connect
Based in Raalte, Current Connect specialises in total solutions for large-scale roll-out projects, particularly in the field of fibre optics (Fiber to the Home). The company carries out on-site surveys and installations, as well as large-scale splicing work in distribution points and so-called Area PoPs.
Since its foundation in 2008, Current Connect has connected more than half a million households to fibre networks for various providers. In addition, the company serves several major clients by carrying out triple-play installation services and installing smart metering equipment.
Rapid growth
The strong expansion in recent years, combined with the move into the German market, made it clear to the two shareholders of Current Connect that a financially powerful partner was needed to take the company to the next stage.
Pre-exit
This partner was found in Blauwburgh Invest, with whom the shareholders completed a pre-exit. Blauwburgh is an entrepreneurial investment company with a broad sector focus. It provides not only capital, but also knowledge and expertise, while relying on the continued commitment of the current shareholders to make the partnership a success.
Sale support
De Jong & Laan advised and guided Current Connect throughout the pre-exit sale process, which included:
- Preparing the information memorandum;
- Identifying and approaching potential acquisition candidate;
- Leading the negotiations;
- Supporting the due diligence investigation;
- Supporting and advising on the drafting of acquisition contracts and closing the acquisition.
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