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Travers Smith advises on August Equity's investment in Charterhouse Voice and Data

Thursday, 13 December 2018
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Friday, 9 November 2018

Travers Smith LLP has advised an investment vehicle backed by August Equity LLP on its strategic investment in Charterhouse Voice and Data ("Charterhouse").

The Travers Smith team was led by Private Equity Partner Will Yates who was supported by Private Equity Associates Max Conway and Raphaella Gabrasadig. Tax advice was provided by Tax Partner Hannah Manning who was supported by Tax Associate Edward Humphries.

Charterhouse is a provider of voice communication, data, hosting and cyber security to mid and large tier customers, based in the UK and internationally. Its customers span many sectors and include Air Partner, Tottenham Hotspur Football Club, CBRE, Canary Wharf Group, and M&C Saatchi.

Mehul Patel, Partner at August Equity, commented:

“We are delighted to announce an investment in Charterhouse following a long-standing relationship with Mark and the team. Charterhouse is a best in class asset and has delivered strong organic growth in its core communication services and sets itself apart with its high quality team and ability to deliver a broad portfolio of services including cyber and connectivity to its customers. We look forward to working with Mark and the team to help drive further growth through selected acquisitions and building an integrated, market leading proposition to customers.”

Mark Brooks-Wadham, CEO of Charterhouse, commented:

"We are excited to partner with August Equity in this next phase of our growth. August Equity are a strong cultural fit for Charterhouse with a great track record of helping businesses to grow. We will benefit from their adjacent experience and acquisition expertise to broaden and accelerate our service offerings which will have a positive impact on our customers, staff and suppliers."

The existing shareholders of Charterhouse were advised by Charles Russell Speechlys LLP.

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