Management buy-out of Openmind Networks Ltd.
Openmind Networks Ltd. ("Openmind") is a leading provider of messaging technology to the global telecommunications industry. The company has over 50 mobile network operator customers across the world.
Pegasus Capital advised the management of the company on completing a management buy-out with funding provided by BlueBay Asset Management. The transaction facilitated an exit for Openmind's initial venture capital investors and enabled management materially increase their shareholding and focus on the future growth of the business.
TERMS: Not disclosed