We are delighted to announce that Metronet (UK) (now M24Seven) has been shortlisted for M&A Deal of the Year at this year’s North West Rainmaker Awards for its acquisition of M247.
The Manchester based business which provides wireless and fibre internet services acquired M247 Ltd, a leading internet infrastructure and hosting company, for £47.5m in October 2016. With operations in Manchester, UK, and Bucharest, Romania, the acquisition of M247 allowed Metronet (UK) to offer a combined portfolio of connectivity and content services across the UK and Europe.
As part of its transformative acquisitions strategy, Metronet (UK) also acquired Venus Business Communications in March this year. The combined Group has since rebranded as M24Seven and operates the most advanced hybrid ISP network in the UK.
The North West Rainmaker Awards 2017 will be held in Manchester next month and celebrates the successes of the North West corporate finance community. The shortlists were created by a panel of more than 35 members of the corporate finance community and winners will now be chosen by more than 100 professional firms.