Advisory services on the sale of The Wireless Works

A team from corporate finance advisers, i-DealNet (“Transcend”) led by Partner Ian Aldridge, and supported by Executive Rajbir Turna, has advised on the sale of The Wireless Works (UK) Limited (“Wireless Works”) to Avesco Group plc (“Avesco”).

Wireless Works, which is based in Surrey, was established in 2002 by Tristian Bickerton and has grown to become a leading provider of radio frequency and communication services on a global basis, specialising in the broadcast and live events markets. It offers dedicated, assisted, and managed hire, as well as installation of both wireless and intercom products and services.

Avesco is an AIM listed provider of audio visual equipment, lighting equipment, and media services to live events, broadcast, and entertainment industries. It operates through three operating segments: Creative Technology, Full Service, and Broadcast Services. Wireless Works will form part of the Creative Technology operating segment.

Tristian Bickerton comments “This transaction presents a very exciting opportunity to take Wireless Works to its next level of potential. i-DealNet has done an excellent job in guiding me through what has been a complex process, and supporting me at every step of the way.  I am delighted by this outcome and thank Ian and his team for a job very well done”.

Ian Aldridge, partner at i-DealNet, said, “We are delighted to have advised Tristian on the sale of Wireless Works. This is a great example of our focus on the entrepreneurial market and demonstrates our success in being able to use our expertise to support Tristian achieve his goal of crystallising the value of his company, and in securing an exciting opportunity for its staff to expand operations in a fast growing and exciting global market.