Squire Patton Boggs has advised telecommunications group XLN on the sale of the company to Daisy Group.
The team advising XLN was led by Corporate partner Julian Thatcher and included lawyers from the firm’s London, Manchester and Leeds offices.
XLN was founded in 2002 by Christian Nellemann to champion small businesses in the UK. Innovations in both products and services has enabled the company to continue to grow. XLN now provides over 100,000 small businesses with essential services including Business Broadband, Phones and Card Payments.
Daisy is a group of independent businesses providing digital infrastructure products, services and solutions to direct and indirect customers. When Daisy Group was first established in 2001, it had a simple business model, to be an alternative provider of telephones lines and calls for UK-based small and medium-sized businesses. Over the last two decades Daisy has developed through a combination of organic and acquisitive growth and is now one of the UK’s leading providers of communications, IT and cloud services across the UK and internationally.
“We were delighted to advise such a well regarded business as XLN on this exciting next step in its life cycle,” commented Julian Thatcher. “XLN is a long term client of the firm and multiple departments, including regulatory and banking, as well as corporate, worked together to bring this transaction about in a short space of time, showing the client focus of Squire Patton Boggs and the depth of talent within it.”