EMC has acted as Lead Advisors to West Sussex-based 5 Rings Group on their sale to leading Unified Comms provider Babble. Incorporated in 2007 by Geoff and Peter Raynsford, 5 Rings provides unrivalled flexible telecommunications solutions to SMEs in the South East region.
The acquisition will add scale to Babble Comms and materially build Babble Cyber, while expanding Babble’s footprint onto the South Coast. The deal is Babble’s sixth in 2021.
Geoff Raynsford, 5 Rings co-founder, said: “The EMC team have been by our side throughout the journey of the transaction from concept to completion. We are delighted to find a fantastic home in Babble for the 5 Rings team and customers.”
Matt Parker, Chief Executive of Babble, said: “Seeking out the UK’s most exciting, innovative tech businesses, that utilise local talent to bring a local touch from local bases is highly valuable to us. We’re delighted that the exceptional team at 5 Rings are joining us on our journey to becoming the UK’s leading cloud technology business.”
Kevin Wheelhouse, EMC, added: “It has been a pleasure to work with Geoff, Peter and the team through the project and it is hugely satisfying to find such a positive outcome for all involved. We wish both parties all the best for success in the future.”
For more information please see the websites of 5 Rings Group and Babble.
5 Rings were advised by EMC Corporate Finance (Lead Advisors), Coole Bevis (Legal) and Carpenter Box (Financial). Babble were advised by Gateley (Legal) and RSM (Financial).Back to all news