Wavenet (backed by Beech Tree PE) Acquires Qubic Group Plc
November 19, 2020
Wavenet, the Beech Tree Private Equity–backed unified communications and cloud provider, has acquired Qubic Group Plc, a Hertfordshire-based specialist in cloud, voice and data, in a multi-million pound add-on transaction. The deal, funded by Beech Tree Private Equity with support from Ares Management, strengthens Wavenet's UK cloud and voice capabilities and continues its buy-and-build strategy under Beech Tree's ownership.
- Buyers
- Wavenet, Beech Tree Private Equity, Ares Management
- Targets
- Qubic Group Plc
- Sellers
- Joe Papa, Chris Papa
- Platforms
- Wavenet
- Industry
- Telecommunications
- Location
- Hertfordshire, United Kingdom
- Transaction Type
- Addon
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