Alantra advised on the management buy-out of XLN Business Services, a portfolio company of ECI Partners
Alantra has advised on the management buy-out of XLN Business Services, a portfolio company of ECI Partners. The deal was financed by vehicles managed or advised by GSO Capital Partners LP, a division of the Blackstone Group L.P. XLN was the first investment from ECI’s Fund 9 in September 2010 and this exit has yielded ECI a 3x return on its investment.
Founded in 2002 by its current CEO, Christian Nellemann, XLN is the leading independent provider of fixed line, broadband, energy and bank card processing services to small businesses across the UK with a particular focus on micro SMEs with between one and 10 employees. XLN’s entrepreneurial approach has earned it numerous awards at a national level including Christian Nellemann becoming the UK’s only entrepreneur to win the Ernst & Young Entrepreneur of the Year award twice.
Former CEO of Travis Perkins and of Brakes, Frank McKay has been appointed as the new chairman of XLN, taking over from the out-going chairman John Donaldson, who will remain on the board as a non-executive director.
Feb 2021Sell-side advisoryFeb 2021SECTOR TechnologyService M&A
Jan 2021Sell-side advisoryJan 2021SECTOR TechnologyService M&A
Jan 2021Buy-side advisoryValue £1 billionJan 2021SECTOR TechnologyService M&AValue £1 billion
Dec 2020IPODec 2020SECTOR TechnologyService Equity Capital Markets