Plum Consulting, an independent consulting firm, focused on the telecoms and digital sectors, acted as exclusive vendor due diligence advisor to Zzoomm on the recently announced £100m equity investment.
Zzoomm was founded by industry veteran Matthew Hare, who launched rural broadband player Gigaclear a decade ago, and this year hired former Virgin Media and TalkTalk executive Richard Sinclair as its chief operating officer. The company has built a full-fibre network in Henley-on-Thames over the past 12 months and plans to expand to similar locations to build a telecoms company focused on market towns that need higher internet speeds. The investment will fund a rollout to pass 1m homes with freshly laid fibre optic cables within five years.
Plum was appointed with its proven track record in commercial, technical, and operational diligence work, advising on key elements of the deal including: review on market quality, products and pricing, technology, operations, regulation and policy, and investment model and key metrics.
Matthew Hare, Chief Executive at Zzoomm, said: “Plum’s dedication and focus ensured that we progressed quickly and accurately at an early and critical stage in the deal”.
Ian Corden, Director at Plum, said: “It has been a real pleasure to work with Matthew, the Zzoomm team, and Silverpeak investment bank. As an effective and experienced team, we got through a complex programme of diligence work in record time to exacting quality levels”.
For more information, please contact Ian Corden: firstname.lastname@example.org