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Momentum advise CableCom Networking Limited on the acquisition of Glide Utilities Limited

Deal Overview

  • Lead advisory
  • Identified multiple targets to disrupt market through wide market knowledge
  • Opened discussions, structured deal and project managed to completion

Momentum Corporate Finance has advised CableCom Networking Limited (“CableCom”) on the acquisition of Glide Utilities Limited (“Glide”).

CableCom, a group of companies specialising in broadband, TV and telephony services for the student and landlord market, has acquired fast-growth utilities business Glide. The deal has the potential to revolutionise the student and shared housing market by giving landlords and tenants a simpler, faster way to connect, communicate and manage bills.

The deal will boost CableCom’s growth, by widening their service offering and footprint in the UK’s house share market. Together the businesses will service more than 300,000 students. CableCom’s award-winning broadband package will also be rolled out to Glide’s student customers as part of the acquisition.

Glide, which offers one monthly bill for all utilities shared equally among house sharers, will now be able to use CableCom’s broadband network and infrastructure – enabling landlords to monitor utility usage and manage debt in a way they have never been able to before.

We were delighted with the corporate finance advice from Momentum. They worked seamlessly with our own team and were an instrumental part of the deal. The experience, insight and support offered by Momentum was extremely valuable throughout the process and they were great to work with.

This is a hugely positive step for the company. We both share the same business principles, offering simple yet innovative products that genuinely add value to students’ lives.

This acquisition means students can tap into a shared knowledge and expertise, making their life simple and allowing them to concentrate on the things that matter. It also allows landlords greater visibility of tenants’ bills.

Mark Burchfield, Managing Director of CableCom

We are very pleased to have advised CableCom on the acquisition of Glide. There is an excellent strategic fit between the businesses and we strongly believe that CableCom represent a compelling and supportive owner for Glide going forward.

It was a pleasure working with the team at CableCom again, illustrating the long run nature of our client relationships.

Rob Crews, Partner at Momentum Corporate Finance

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