Ashurst is advising Oakley Advisory in relation to the £165.3 million recommended takeover of Alternative Networks plc by Daisy Intermediate Holdings Limited, announced today. 

The Daisy Group is an independent UK provider of end-to-end business technology and communications solutions to small-to-medium and mid-market businesses. It offers a comprehensive range of products and services comprising fixed line voice and mobile telephony, data connectivity, device and datacentre support, business continuity and associated cloud, hosting and managed services. Alternative Networks is a leading provider of ICT (information and communications technology) solutions to UK businesses from device to datacentre, delivering products and services spanning cloud computing, virtualisation, managed hosting, fixed-line voice, software development, mobile, systems, IP networks and complex billing solutions.
Oakley Advisory is acting as financial adviser to the Daisy Group in relation to the offer.

Ashurst previously advised on the £135 million recommended cash offer by the Daisy Group for Phoenix IT Group plc in 2015.

The Ashurst team is being led by corporate partner Tom Mercer and finance partners Tim Rennie and Mark Vickers, assisted by associates Harry Thimont, Matthew Pentecost and Steven Haywood.