Clearwater completes sale of Metronet to LDC


Clearwater’s TMT team has advised the shareholders of the fast-growing hybrid wireless and fibre Internet service provider, Metronet (UK), on its multi-million pound sale to LDC.

Based at Manchester Science Park, Metronet (UK) provides business critical data infrastructure to over 500 UK companies, from SMEs to large corporates such as Laing O’Rourke and Grant Thornton. Its services include high speed connectivity such as wireless and fibre leased lines and metropolitan Ethernet networks, managed services, such as voice over internet protocol (VoIP), co-location and managed hosting, and wireless leased data services to support CCTV installations, where customers include Greater Manchester Police Authority.

LDC’s investment will support the management buy-out and future growth of the business.

Carl Houghton, partner and head of Clearwater’s TMT team, advised on the transaction and was supported by assistant director Andy Strickland.

Carl Houghton said: “Metronet (UK)’s hybrid fibre and wireless solutions are set apart by the company’s self-sufficiency – by not having to touch BT’s network it can and does provide service levels to businesses that BT resellers cannot match.

“The LDC investment has enabled a successful exit for early stage funders YFM Equity Partners and Acceleris, plus it will also provide essential financial and strategic support to the existing management team and enable it to fast track key developments such as VOIP and other services across Metronet’s own network.”