Deloitte advises on £32m MBO of Team Telecom Group

Business advisory firm Deloitte has advised Gresham, the UK mid-market private equity specialist, on the £32.8 million management buy-out of Team Telecom Group (TTG) from Spice plc.

The MBO, which is subject to shareholder approval, is led by TTG chairman Peter Burridge and group CEO Mike Norfield. The deal was funded by HSBC Leveraged Finance, which provided the supporting debt package.

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