DunPort – Modern Networks
DunPort are pleased to have provided debt facilities to support Horizon Capital LLP in its acquisition of Modern Networks. Modern Networks is a leading provider of IT and connectivity services to the UK’s commercial property management sector and operates out of Hitchin and Manchester in the UK. DunPort is very much looking forward to working with both Horizon and Modern Networks’ management team as the company enters its next phase of growth.
Horizon were advised by the Clearwater International team of Lachlan Dorrity, Chris Smith and Andrew Royle. Addleshaw Goddard’s Alex Dumphy, Cerys Poolis and Amy Taggart provided legal advice to DunPort while Harrison Clark Rickerbys provided advice to Horizon and the company. Modern Networks is the 28th company to have been supported by the Elm Corporate Credit Fund, Dunport’s €283m lending vehicle. DunPort is one of the leading providers of SME and Corporate private debt solutions in the UK’s lower mid-market.