Ascent on the up after GBP15m MBO backed by 3i.

0 Comments | M2 Presswire, June, 2002

M2 PRESSWIRE-17 June 2002-Ascent Technology: Ascent on the up after GBP15m MBO backed by 3i (C)1994-2002 M2 COMMUNICATIONS LTD RDATE:06172002 Ascent Technology Limited, the Leicester based IT provider is today being bought back from Lynx plc by its original owners in a GBP15million MBO, funded by the Midlands offices of 3i, Europe`s leading venture capital company and Royal Bank of Scotland, Corporate and Structured Finance.

Corporate Finance Advice was provided by the Birmingham Office of PricewaterhouseCoopers. Ascent is a leading IT solutions provider and software author. The company is currently the UK`s top value added reseller for, SAP and Sage, two of Europe`s most successful ERP system developers, and an established developer of customer...

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