YFM Equity Partners (YFM) and Octopus Investments (Octopus) have sold their stake in Callstream Group Limited (Callstream) for an undisclosed sum to J2 Global, Inc.
Callstream is a leading national provider of cloud-based call management technology to the UK insurance, travel and retail markets. Today’s acquisition by J2 Global provides a full exit for all funds.
Callstream was backed by the Octopus Apollo Venture Capital Trust (‘VCT’) plc, advised by Octopus Investments (Octopus) and British Smaller Companies VCT plc and British Smaller Companies VCT2 plc, both advised by YFM Private Equity Limited (YFM).
Mick Crosthwaite, CEO of Callstream, says: “Callstream has expanded significantly following backing from YFM and Octopus Investments. We appreciate the practical advice; strategic guidance and support of both teams in helping us fuel our continued growth over the past five years. They have been terrific partners and played an instrumental role in helping us achieve our success.”
Commenting on the realisation, Nigel Owens, Investment Director for YFM, says: “It has been a privilege to work with the outstanding Callstream management team and we wish them continued success in the years to come.”
Grant Paul Florence, Head of the Intermediate Capital team at Octopus, says: “We have really enjoyed working with the management team to help them successfully grow the business, both organically and through acquisition. It is a great company that has developed a loyal customer base over the years. We wish the team every success as they enter this new chapter of growth as part of a global enterprise.”
Octopus and YFM were advised by Knight Corporate Finance and Gateley plc acted as legal counsel.
