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19 April 2021

Charles Russell Speechlys advises shareholders of Modern Networks on sale to Horizon Capital

Charles Russell Speechlys has advised the shareholders of Modern Networks Limited on the sale of a majority stake to private equity investor Horizon Capital.

Established in 1999, Modern Networks is a leading provider of IT support, broadband and telecoms managed services to the UK’s commercial property sector. With a client base include CBRE, Savills, Cushman and Wakefield, CEG, JLL, Knight Frank, Avison Young and Colliers, Modern Networks currently work with thirty top commercial real estate agents and provide IT support and managed services to over 1800 office buildings and shopping centres.

Matthew Reeve, CEO & Founder of Modern Network said: “This was a deal of a lifetime and represented an exciting milestone in the history of Modern Networks. Having the absolute best possible advice was of paramount importance to us. I cannot thank David and Caroline enough for their advice and guidance during this process. I couldn’t be more impressed with their relentless dedication and upmost professionalism before, during and after the transaction.”

Corporate partner, David Coates added: it was great to advise Matthew Reeve and his management team on the sale of a majority stake to Horizon Capital. The transaction marks the end of one era for Modern Networks, but the start of an exciting new one as Matt and his team embark on the next phase of growth with strategic support and investment from Horizon Capital. It was a pleasure to work with Matthew over the last few months and we wish him and the team the very best of luck.”

The Charles Russell Speechlys team was led by Corporate Partner David Coates and Corporate Associate Caroline Carter with support from Amy Shuttleworth (Corporate), Alexander Gold (Property), Helen Coward and Tess Newman (Tax), Mark Bailey and Freddie Law (Commercial), Clare Davis (Employment).

Provantage Corporate Finance and Grant Thornton also advised the sellers.