The transaction, which values the UK-based company at around '3.5bn ($4.6bn), allows Montagu to retain control of Wireless Logic beyond the typical private equity holding period through a new secondary vehicle. The firm is rolling over most of its existing stake from a previous continuation fund, a rare 'CV-squared' structure in the secondary market. Founded in 2000, Wireless Logic provides smart connectivity solutions that enable companies to connect, control, and secure IoT devices across multiple networks. Under Montagu's ownership since 2018, the company has expanded from a UK-focused provider into a global market leader through 15 acquisitions across Europe, the Americas, and Asia-Pacific. Wireless Logic is the 'natural acquirer of choice in its space, and has used M&A to expand from being a UK leader to a European leader, and today as a global leader,' said Montagu Managing Partner Ed Shuckburgh, noting that the business continues to grow at roughly 30% per year. The...
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