Jamieson is pleased to announce that it has advised the management team of Ask4 on its buy-out led by Bowmark Capital.
Bowmark is acquiring its
interest from ASK4’s previous institutional investor, Darwin Private Equity,
and is investing alongside the current management team in support of the
company’s continued expansion in the UK and overseas.
Founded in Sheffield in 2000
by CEO Jonathan Burrows, ASK4 partners with universities, private sector
student accommodation providers, residential apartment developers, and
businesses, to provide high speed internet solutions and managed data services
for multi-tenant accommodation. ASK4 currently serves over 160,000 customers
across 400+ sites in the UK and Europe.
Jon Burrows, CEO said “I’d
like to thank the Stuart, David and team for their help in bringing this
transaction to a successful conclusion. There was an intense period to
completion and the Jamieson team, who were unflappable throughout, gave us
comfort all bases were covered and ensured we fully understood the intricacies
of how the deal impacts management”
The management team of Ask4, were advised by Stuart Coventry, David Kirkpatrick and Jack Yang on their investment alongside Bowmark and the terms of the new management incentive plan.