Posted on 28 March 2016
Eugene F Collins acted for Irish telco Magnet Networks Limited in its acquisition of the retail business division of Imagine Communications Group and in arranging finance from Bluebay Credit Corporation Ireland Limited.
Established in 2004, Magnet offers a range of broadband, wi-fi, voice and cloud telephony solutions along with cyber security and managed services. It is headquartered in Dublin with offices in the Galway, London and India. The deal will see Magnet Networks become the third largest provider of business telecoms in Ireland.
The EFC team was led by John Olden on the acquisition and Laura MacDermott on the financing.