WHP Telecoms
Convex Capital led, structured and arranged the transaction involving the partial sale of equity in WHP Projects Limited to Key Capital Partners, in a deal that valued the Business at £17.9m. Senior debt and banking facilities were provided by the RBS.
WHP is a leading provider of support services to the mobile infrastructure sector, including operators such as Everything Everywhere and Vodafone. The Business provides end-to-end services for the deployment, upgrade and maintenance of mobile network masts, antenna and base stations, helping mobile operators to strengthen their coverage across the UK.
WHP was owned by Rob Potter, Paul Hullah and Martyn Cheyne, following an MBO in 2008. The management team wanted to explore ways of taking their business to the next level of growth.
The Convex difference: we spent time understanding exactly what our client wanted to achieve and used our knowledge of the private equity market to deliver a transaction that exceeded expectations
