WHP provides end-to-end services for the deployment, upgrade and maintenace of moblie telephone networks for the network opertors such as Vodafone and O2. The business is one of only seven 'tier one' support service companies operating in its sector.
KCP invested £3 million as part of tax efficient equity release deal for the three existing directorshareholders, taking a 28% minority shareholding in the Company.
The Company was ideally positioned to take advantage of the huge increase in demand for mobile telephony services and the need to roll-out and increase the bandwidth required to meet this demand. It was clear to us that the capabilities of the business were second to none in the industry.
During our investment we:
As a result of the actions taken and the higher profile achieved, the Company was approached by a private equity fund which made a very attractive off-market offer. This led to a secondary £38 million buyout, just two years after KCP's initial investment, where the three director-shareholders were able to realise further significant amounts and continue in their roles.