News - Midlands
Shoosmiths advise on telecoms deal
Shoosmiths Nottingham team has advised Royal Bank of Scotland (RBS) on its financial backing of GCI Telecom Group's acquisition of the shares in Netservice UK and WAN Services from Netservices.
Led by Tom Bird, associate in the law firm’s Nottingham-based corporate finance team, Shoosmiths provided legal advice to RBS to enable funding for the acquisition.
Bird said: “This is a significant strategic bolt-on acquisition for GCI Telecom Group on the back of several other deals that they’ve completed in the last few years.
Although the deal market is still tough, things are improving and acquisitions like this are a good sign that market activity is picking up and funding is available for good quality deals.”