Pendle businessman Matthew Riley sells a portion of the company for a £1 billion price tag.

 

Digital Wholesale Solutions (DWS), founded in 2007, has secured over 200 jobs at its Nelson headquarters and is poised for future growth. Previously known as Daisy Wholesale, it was rebranded Digital Wholesale Solutions in May 2019 under CEO Terry O'Brien.

Daisy founder Matthew Rile will remain chairman of DWS, a business that will continue to operate its successful, customer-first, channel-focused model. The decision to separate DWS from the Daisy Group over two and a half years ago allowed the divisions to focus on growth.

The UK-based TV channel, DWS, has secured a deal to expand its market share over the next five years. The deal secured jobs, providing ample opportunities for further development and recruitment. The deal is a significant boost for DWS, its staff, vendors, and partners, and is considered a brilliant news for the Lancashire area.

Inflexion Partners has joined IFX's portfolio, focusing on the UK channel community and the potential for growth as SMEs invest in digital technology. The company is excited about the potential for growth and aims to build a channel-only business that delivers great products and experiences for partners. IFX appreciates DWS's strong, growing, entrepreneur-led business, resilient sector, recurring revenues on a proprietary software platform, excellent management team, reputation, and high customer satisfaction.

Inflexion, with extensive experience in pre-IPO fund raising, is excited to collaborate with Terry and his team to de-leverage DWS and provide guidance for a successful IPO, ensuring a smooth transition for the public markets.

Daisy Group, founded by Matt Riley, is close to securing its first cybersecurity acquisition with a recommended offer to buy London-listed ECSC, according to News. The company is on the brink of an announcement.

Hana Al Rostamani, the GCEO of First Abu Dhabi Bank, oversees assets worth over USD 300 billion, making it the largest bank in the UAE.

ECSC, a cybersecurity services firm with a modest market capitalisation of £2m, is set to be absorbed into Daisy's Corporate Services division after its acquisition. The firm, which employs 60 specialists and has a workforce of 80, is part of a series of deals by Riley, including the £210m purchase of rival XLN Telecom last year.

Daisy, a leading UK SME telecoms company, employs around 1,000 people and manages mobile, cloud, and other services for business customers. Founded by Mr. Riley, Daisy is positioned at the heart of the digital telecoms transition for greater speed, reliability, and security. The company was listed on the London public market before being taken private in 2014 with backing from Toscafund Asset Management.

Mr. Riley remains the majority shareholder, supported by Ares and Oakley Capital, with Allenby Capital acting on behalf of ECSC in the deal.