DC Advisory advised Penta Capital and Six Degrees on its sale to Charlesbank Capital Partners

Six Degrees Group (“Six Degrees”), backed by Penta Capital (“Penta”), is a leading provider of converged technology infrastructure services to UK mid-market and corporate customers.

The company’s managed services portfolio includes: cloud, connectivity, data centre and voice solutions, offering companies a single provider for infrastructure requirements.

DC Advisory (“DC”) and Stifel were jointly engaged by Six Degrees and Penta to advise on a sale process starting in January 2015DC and Stifel ran a tailored process, leveraging their relationships across international trade and selected private equity bidders.

Following a highly competitive auction, Charlesbank Capital Partners (“Charlesbank”), a US-based private equity firm, agreed to acquire Six Degrees.

Charlesbank was looking for a UK-based platform acquisition to drive consolidation in the sector and Six Degrees was a clear choice.

I’m delighted to have concluded the transaction with Charlesbank. DC and Stifel played a significant role throughout the process and their advice and support were invaluable.

A clear vision and a committed sense of purpose are at the core of the Six Degrees business. The team brought these same skills to bear during this transaction and it was a pleasure to work with them to deliver an exciting outcome.