is delighted to announce that it has advised the management team of IDEAL
Networks on the sale of the business to CBPE. IDEAL Networks is a market leading
Industrial Technology business which provides portable handsets for data cable
and network testing, validation and certification. CBPE is acquiring the
business from its former parent, IDEAL INDUSTRIES Inc and will be investing
alongside the incumbent management team led by Paul Walsh, CEO.
IDEAL Networks’ products improve the productivity of qualified engineers who install, test and maintain network cabling and services. They work by simulating data flow to provide network diagnostics, enabling the engineers to certify newly installed network cabling or to resolve network issues across both Local Area Networks (LAN) and Wide Area Networks (WAN). IDEAL Networks is a global business, with sales across the EMEA, North America, Latin America and Asia.
Paul Walsh, CEO of IDEAL Networks said:
“With the IDEAL Networks transaction being a primary buyout both myself and the management team were new to Private Equity. Stephen Maxwell and the Jamieson team provided professional support and advice throughout the process and we were very satisfied with the outcome"
Stuart Coventry, Stephen Maxwell and David Kirkpatrick from Jamieson advised Paul Walsh (CEO), Scott Paterson (CFO) and the senior management team on the terms of their investment alongside CBPE and the new equity incentive plan.