Squire Patton Boggs has advised Hypha Partners LLP on its acquisition of TREND Networks Limited, a global developer of connected test, measurement and certification solutions for copper and fibre data networks.
The Squire Patton Boggs team was led by Corporate partner Matt Canipa, and included partner Charles Leeming and associates Tom McClusky, Harry Jackson and Hayley Clark.
TREND designs, manufactures and supports mission-critical connected test and measurement solutions for the deployment, certification and ongoing maintenance of data networks including national infrastructure and datacentres. Its portfolio spans all key technologies including copper, power-over-ethernet, fibre and network qualification, with test results stored and available for analysis through its AnyWARE Cloud platform. Headquartered in High Wycombe, UK, it has global operations, with offices in Germany and the US and more than 200,000 devices in the field across more than 90 countries.
Hypha Partners, the private equity firm investing in high-potential lower mid-market businesses, is backing TREND through the next phase of its development, with new investment directed at accelerating product innovation, expanding its connected product and cloud ecosystem, strengthening commercial capabilities and increasing its international market presence.
“This is a great result for Hypha and TREND: a strong growth partner for a global, cloud-connected test and certification business. Advising on private equity transactions, with multi-jurisdictional aspects in particular, is a core strength of our offering at Squire Patton Boggs, and we're delighted to have advised Hypha on the investment," commented Matt Canipa.
