This month, the signed sale of Wireless Logic from CVC Capital Partners to Montagu Private Equity is expected to close with William Blair as the exclusive financial advisor. Wireless Logic Group is backed by CVC Partners and is Europe’s leading machine-to-machine (M2M) and Internet of Things (IoT) platform provider. Wireless Logic Group works with global and local application providers, system integrators, and enterprises to provide management platforms, secure network infrastructure, and network connectivity options. The company, which was founded in 2000, has over 3.1 million subscriptions and 2,500 customers and is headquartered in the United Kingdom.
Montagu Private Equity is one of Europe’s top private equity firms. The company focuses on management buyouts with transaction values ranging from €100 million and €1 billion. The firm, headquartered in London, was founded in 1968 and has more than €4 billion assets under management.
William Blair was chosen by CVC and Wireless Logic for its extensive knowledge and experience with other companies in the M2M and IoT sector. William Blair had previously advised on the sale of RacoWireless and Wyless to Kore Wireless Group. The William Blair team provided guidance on strategy throughout the transaction process and negotiated a positive sale term for Wireless Logic and CVC.