Advising TXO’s management team on its TowerBrook backed MBO
TowerBrook Capital Partners (TowerBrook), a London and New York based private equity firm, has acquired a majority stake in TXO, a critical telecom network hardware and asset management services provider.
TXO has a global presence (with its base in Chepstow) and supports the transition towards a circular economy by reducing waste and extending the life of network assets for over 1.5k internationally recognised manufacturers.
A Capital Law team of Tom Kelleher, Gareth Williams-Davies and Cath Golledge advised the management team on their re-investment alongside TowerBrook.
Tom Kelleher, who leads Capital Law’s corporate team, said:
As well as being the world’s leading provider of critical telecom network hardware and asset management services, TXO’s outstanding ESG credentials are clear for all to see – they are a genuine circular economy company. It was a fantastic deal to work on and the management team, led by Darren and Simon, were a pleasure to work with. The deal with TowerBrook is extremely exciting and we are sure it will be a successful partnership.
TXO group chief executive Darren Pearce, said:
We are immensely proud that TXO has developed into one of the largest and most respected solution providers in critical telecom network hardware and asset management services, with sustainability in our core values from the very beginning.
With the opportunity to accelerate our international journey and expand our customer offering, while remaining anchored in our sustainability values, we are delighted to embark on this journey with TowerBrook.
We, as a management team, were advised by Capital Law (Tom Kelleher, Gareth Williams-Davies and Cath Golledge) who provided us with invaluable pragmatic and commercial advice throughout the transaction. The team led by Tom, were a pleasure to work with and we thank them for their support.
