Taylor Wessing has advised Inflexion Private Equity Partners on the secondary buyout of Cablecom Network Holdings Limited (“Cablecom”), the leading provider of managed internet and digital media services to high density, principally student, accommodation throughout the United Kingdom.

Cablecom designs, installs and manages the networks required to deliver broadband connectivity and digital media services to student accommodation, social housing and key worker accommodation under long term contracts.  The main market within which Cablecom operates, digital services to student accommodation, is expected to double the number of student rooms available between 2012 and 2017.  This is being driven by growth in student numbers, competition between universities due to fee levels and higher standard of accommodation being expected by students.

Simon Turner, Managing Partner at Inflexion, commented: “Cablecom is a terrific business that has grown from a core strength in technology.  We were especially drawn to working with Mark and his team who are top quality.  Equally it is unusual and exciting to find a business that is the leader in its field and with great fundamentals, long term contracts and multiple routes to growth.”

Mark Burchfield, CEO of Cablecom, added “We are pleased that Inflexion is backing us for the next stage of growth.  With its support we will continue to enhance our product offering, further invest in technology to create greater capacity and continue to improve our services to our end users and partners.”

James Goold, Private Equity partner at Taylor Wessing added "We are delighted to have completed our second buy-out alongside Inflexion in quick succession, following the recent acquisition by Inflexion of CMO International ApS.  The Cablecom transaction, which involved a number of specialist lawyers, was completed in a challenging four week timetable after Inflexion gained exclusivity and represents a great example of our growing presence in mid-market technology driven buy-outs"

James Goold led the corporate team, along with associates Brian McCloskey and Alexandra Richardson. Specialist input was provided by Anna Humphrey and James Stewart (tax), Graham Hann (IT & IP) and Simon Gorham and Amy Sinclair (employment).