Centric provided managed business communication services to over 1,000 customers across London and other UK cities, based on its network of advanced fibre optic communications systems within commercial buildings. It sells a range of managed data and voice communications solutions to building tenants, integrating the in-building systems and the company’s wide area communications network.

FirstCapital was appointed to sell the business on behalf of its shareholders, which included the private equity firm Alchemy. FirstCapital prepared all of the sale documents, contacted potential buyers and managed a roadshow process. It then assisted in the negotiations with the preferred bidder, and drove the due diligence process through to a successful conclusion. Centric was bought in 2007 by adapt, an independent Managed Services provider.

www.centrictelecom.com