Knight Corporate Finance advises GCP on Arrow investment

Knight Corporate Finance has revealed details on its role as advisor to Growth Capital Partners (GCP) for its investment in Godalming-based Arrow Business Communications.

The comms and IT solutions provider is headed up by CEO Chris Russell and provides mobile, fixed line and IT support services to over 4,000 business customers.

Knight advised GCP on commercial matters, the telecommunications market and shareholder strategy.

Arrow is now set for fast growth and M&A activity following the investment that sees both parties hold a 50% shareholding in the business.

Arrow has completed seven acquisitions in the last six years and almost trebled in size, moving from its mobile roots to a broader based business communications supplier.

The company is now on the hunt for larger acquisition opportunities to bolster its hosted, data and IT services portfolio.

Arrow also holds service provider licences with both Vodafone and O2.

Knight Director Paul Billingham (pictured) stated: “This transaction is a good example of how we can leverage our relationships and deep understanding of the telecommunications sector to support an investment process.

"There have been a number of transactions involving private equity in the sector recently and we see no sign of this abating. M&A in the sector continues to be vibrant."

Richard Shaw, Investment Director at GCP, added: "Knight was instrumental in ensuring that we were at the forefront of the Arrow process and able to provide insight into the sector to complement our other due diligence streams."