Gores Group Acquires DMN

The Gores Group Small Capitalization Partners fund in partnership with David Matton has completed the acquisition of DMN Ltd. Terms of the transaction were not disclosed. DMN provides communications network infrastructure, engineering services and support to communication providers and contractors in the UK and internationally.

PRESS RELEASE

The Gores Group, a global investment firm, today announced that its Small Capitalization Partners fund in partnership with David Matton has completed the acquisition of DMN Ltd. Terms of the transaction were not disclosed.

“DMN has built a strong reputation as a key provider of engineering and project management services to the mobile communications industry in the UK. The Gores Group is excited to partner with Dave Matton, who founded the business, in support of our strategy for further expansion in mobile communications services”
DMN, which is headquartered in Swindon, UK, is a mobile communications network engineering support and staffing provider delivering a broad range of high quality wireless infrastructure services.

“DMN has built a strong reputation as a key provider of engineering and project management services to the mobile communications industry in the UK. The Gores Group is excited to partner with Dave Matton, who founded the business, in support of our strategy for further expansion in mobile communications services,” said Victor C. Otley III, Managing Director for The Gores Group. “The mobile infrastructure market is enjoying growth driven by the expanding demand for mobile bandwidth and the technologies that support it. DMN is well positioned to both enable and benefit from that growth.”

Dave Matton added, “We are delighted to become a part of The Gores Group. This is tremendous news for our company, our employees and customers. The Gores Group has an impressive track record of building market leading companies. The operational and financial support of The Gores team will provide enhanced support to DMN as we continue to build on our present success in the UK and internationally.”

About The Gores Group

The Gores Group, LLC is a global investment firm focused on acquiring controlling interests in mature and growing businesses which can benefit from the firm’s operating experience and flexible capital base. The firm combines the operational expertise and detailed due diligence capabilities of a strategic buyer with the seasoned M&A team of a traditional financial buyer. The Gores Group, which was founded in 1987 by Alec E. Gores, has become a leading investor having demonstrated over time a reliable track record of creating value in its portfolio companies alongside management. Headquartered in Los Angeles, The Gores Group maintains offices in Boulder, CO, and London. For more information, please visit www.gores.com.

About DMN Ltd.

DMN, founded in 1989, provides communications network infrastructure, engineering services and support to communication providers and contractors in the UK and Internationally.

Contacts

Frank Stefanik
(310) 209-3010
or
Terry Fahn
Sitrick And Company
(310) 788-2850