Wavenet Group (backed by Macquarie) Acquires Excell Group

Macquarie Capital and Advencap Acquire Majority Stake in CloudExtel

May 12, 2023

Telecommunications

Macquarie Capital has acquired a majority stake in Excel Telesonic India Private Limited (CloudExtel), a Network-as-a-Service (NaaS) provider in India, with Advencap joining the investor consortium. The investment will provide capital to scale CloudExtel's telecommunications infrastructure — particularly small cells, fibre and virtualized network offerings — to support growing data demand and 5G rollout across India.

Wavenet (backed by Beech Tree PE) Acquires Qubic Group Plc

November 19, 2020

Telecommunications

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.

Wavenet Acquires Axial Systems Ltd

June 27, 2023

Cybersecurity

Wavenet has acquired Axial Systems Ltd, a Maidenhead-based network and security solutions provider that had entered administration. The deal expands Wavenet’s cybersecurity and network capabilities by integrating Axial’s technical team and services into Wavenet CyberGuard to strengthen service offerings for corporate, financial and public-sector clients.

Wavenet Acquires AdEPT Technology Group plc

April 14, 2023

IT Services

Wavenet announced on 14 April 2023 that it has taken AdEPT Technology Group plc private, acquiring the UK-based managed technology and communications provider. The acquisition brings together Wavenet's cybersecurity, telecoms and managed services capabilities with AdEPT's public sector and education-facing expertise to broaden service offerings and strengthen Wavenet's position as a leading UK MSP.

Wavenet Acquires VIA (Smart Hosted Solutions Limited)

January 7, 2020

Telecommunications

Wavenet, a UK unified communications and managed services provider backed by Beech Tree Private Equity, has acquired VIA (Smart Hosted Solutions Limited), a Nottingham-based Microsoft Teams and Skype for Business specialist. The add‑on purchase strengthens Wavenet's Teams/Office 365 capabilities and expands the group's UC customer base and technical expertise as part of its buy‑and‑build strategy; financial terms were not disclosed.

Wavenet Acquires Portal Voice and Data Limited

February 17, 2020

Telecommunications

Beech Tree Private Equity-backed Wavenet has acquired Portal Voice and Data Limited, a Norfolk-based unified communications and telecoms specialist, in a multi-million pound deal. The acquisition is an add-on as part of Wavenet's buy-and-build strategy and will expand Wavenet's product and geographic reach while giving Portal customers access to Wavenet's TeamsLink and other cloud telephony services.