Brebners Advise as Adapt Group acquires Centric Telecom

Centric Telecom, the leading UK provider of in-building communications solutions to landlords and property companies, has been acquired by Adapt Group, an independent Virtual Network Operator for a cash consideration of £6.25 million from Alchemy Partners.

Brebners dealt with tax desktop due diligence on behalf of the Adapt management, advising on the financial assistance
whitewash procedures and giving the Adapt management  general business advise in relation to the restructuring of the Group.

David Taylor and Tom Smith led the tax team with John Chamberlain overseeing the financial whitewash.  FirstCapital acted as exclusive financial advisor to the shareholders, including Alchemy Partners, in this transaction.