Deal Announcement

DC Advisory and Stifel jointly advised Penta Capital and Six Degrees Group, a UK provider of converged technology services, on its sale to US-based private equity firm, Charlesbank Capital Partners

10 Jul 2015

Six Degrees Group (“Six Degrees”), backed by Penta Capital (“Penta”), is a leading provider of converged technology infrastructure services to UK mid-market and corporate customers

The company’s managed services portfolio includes: cloud, connectivity, data centre and voice solutions, offering companies a single provider for infrastructure requirements

DC Advisory (“DC”) and Stifel were jointly engaged by Six Degrees and Penta to advise on a sale process starting in January 2015DC and Stifel ran a tailored process, leveraging their relationships across international trade and selected private equity bidders

Following a highly competitive auction, Charlesbank Capital Partners (“Charlesbank”), a US-based private equity firm, agreed to acquire Six Degrees

Charlesbank was looking for a UK-based platform acquisition to drive consolidation in the sector and Six Degrees was a clear choice

Deal Team

Richard Madden

United Kingdom

Andrew Strudwick

Managing Director
United Kingdom

Alastair Mills, CEO of Six Degrees, commented: I’m delighted to have concluded the transaction with Charlesbank.  DC and Stifel played a significant role throughout the process and their advice and support were invaluable.”

Richard Madden, CEO of DC Advisory, commented: A clear vision and a committed sense of purpose are at the core of the Six Degrees business.  The team brought these same skills to bear during this transaction and it was a pleasure to work with them to deliver an exciting outcome.”