V
Virgin Media O2
Acquirer counsel
Ropes & Gray
Alexander (Alex) RobbPartner
1 lawyer involved
Rainmaker
Loading page...
Paul, Weiss advises Daisy Group on £3.81 billion sale to Virgin Media O2
Deal Overview
- Value
- $3.81bn
- Deal type
- M&A
- Structure
- Data in progress
- Status
- Data in progress
Advisors
ACQUIRER
Ropes & Gray Overview
- Virgin Media O2 acquired the target/assets from Daisy Group in a merger on 2025-05-12.
- Deal value was 30000000000 (source: Extracted) Ownership: Daisy Group holding a 30% stake; Sector: Telecommunications; Location: UK.
- Acquirer-side legal counsel was not specified.
D
Daisy Group
Seller counsel
Paul, Weiss
Stefan J. Arnold-SoulbyPartner
Neel SachdevPartner
1 lawyer involved
Paul, Weiss Overview
- Daisy Group is one of the UK's largest independent specialist communications businesses. In the combined business, it is contributing to a platform focused on serving hundreds of thousands of UK businesses across communications and IT.
- The transaction is a merger with Virgin Media O2 that will create a business-to-business telecom company valued at about GBP 3 billion including debt, with Daisy Group retaining a 30% stake and Virgin Media O2 consolidating the new entity.
- The combined company will target the communications and IT needs of hundreds of thousands of UK businesses, and the deal is expected to close early in the second half of 2025 subject to customary closing conditions and regulatory approvals.