Return to search

TalkTalk Group buys Virtual1

TalkTalk Group has acquired London-based Virtual1, a provider of software-defined, high-bandwidth, network services.

TalkTalk Group has acquired London-based Virtual1, a provider of software-defined, high-bandwidth, network services. No financial terms were disclosed. Arma Partners was financial advisor to Virtual1 on the deal. Virtual1 was a portfolio company of BGF.

PRESS RELEASE

Arma Partners is pleased to announce that it has acted as exclusive financial advisor to Virtual1, a portfolio company of BGF, on its sale to TalkTalk Group.

Founded in 2007 and headquartered in London, Virtual1 is one of the UK’s leading wholesale providers of software defined, high bandwidth, network services to a customer base of resellers, service providers and international carrier partners.

The combined business will benefit from Virtual1’s unrivalled automation, sophisticated API technology and leading-edge portal experience. The acquisition will offer TalkTalk Group enhanced capabilities in its wholesale platform and increased scale.

Virtual1’s Founder and CEO Tom O’Hagan will continue to lead the business as part of the TalkTalk Group.

This transaction further demonstrates Arma Partners’ experience as a leading advisor to the next-generation communications sector and reinforces our track record of delivering transactions for disruptive and innovative businesses.

About Arma Partners
Arma Partners provides independent corporate finance advice to companies and investors active in the global Digital Economy. We act as trusted advisors to Digital Economy leaders throughout their entire corporate lifecycle, from raising private capital for fast-growing disrupters and founder-led businesses to orchestrating complex cross-border M&A deals for private equity investors and global large-cap public companies. Founded in 2003, Arma today employs a large dedicated advisory team with unparalleled domain expertise and an enviable track record in each of the diverse sub-segments that together comprise the ever-expanding global Digital Economy.