LDC and Ares-backed Credit Funds Provide £100m to Onecom
July 22, 2019
LDC, alongside credit funds managed by an affiliate of Ares Management, has provided a £100 million financing package to Onecom to support organic growth and acquisitive expansion. Onecom, headquartered in Fareham, Hampshire, serves nearly 100,000 business customers across fixed-line voice, connectivity and cloud services and employs around 400 people; the funding will be used to scale the team, upgrade systems and pursue acquisitions.
- Targets
- Onecom
- Industry
- Telecommunications
- Location
- Hampshire, United Kingdom
- Transaction Type
- Growth capital
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