Team Telecom Group has announced completion of its £32.8m management buy-out from Spice plc after a shareholders meeting on May 17 which gave formal approval to the Gresham Private Equity and HSBC backed deal announced in April.
Mike Norfield, CEO of TTG said: “Since we exchanged contracts we have had very positive feedback from both staff and customers. Although the completion is something of a formality it gives us the green light to move forward with our growth plans in the UK and internationally. It is a credit to our management and staff that we were able to carry on business as usual despite the inevitable distractions that such changes bring.”
