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Bishopsgate are delighted to have been lead advisors to the Shareholder of Opals UK on the sale to the Private Equity backed OCU Group

Opals provides telecommunications infrastructure services across all disciplines of digital communications networks, from its headquarters in Peterborough. The company particularly brings a wealth of specialist fibre experience to Private Equity backed OCU, helping to support Instalcom (an OCU Group subsidiary) as it develops and expands its fast-growing telecoms offering across the South and in particular the East of England.

About OCU Group:

OCU Group is an innovative service provider in the Utilities Industry; operating on a national scale.  The Company delivers a wide range of customer-focused business solutions throughout the UK and Ireland, working with a large blue-chip client base in all utility areas including; Power, Telecoms, Water, Oil & Gas, Rail and Directional Drilling.

On the 4th August 2022, OCU was acquired by Triton Partners, one of Europe’s leading investment firms.  Triton was founded in 1997, with a belief in engaging with boards, manager and employees to build better businesses, primarily in Northern Europe.

Instalcom is the Southern Delivery trading division within OCU and is a fast-growing organisation that prides itself on being innovative utility engineering experts that always provide an exceptional level of service for our clients and the millions of customers associated with them.

About Triton:

Since its establishment in 1997, Triton has sponsored ten funds, focusing on businesses in the industrial tech, services, consumer, and healthcare sectors. Triton invests in and supports the positive development of medium-sized businesses headquartered in Europe.

Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvement and growth.

The companies currently in Triton’s portfolio have combined sales of around EUR 18.1 billion and employ around 104,000 employees.

About Opals Group:

Opals started trading in 2012 and has grown within the industry to become an established and leading network infrastructure services company, offering an extensive range of complimentary services covering civil engineering, fibre optics and traffic management.

Working with network operators to design, build, maintain and repair full fibre network infrastructure, Opals’ customer base includes Upp, Netomnia and Openreach where they provide a total delivery solution from their East of England head-office in Peterborough.

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