Clifford Chance

Clifford Chance advises Daisy Group on combination with Virgin Media O2 to create new B2B connectivity and IT services provider

Global law firm Clifford Chance has advised Daisy Group on the creation of a new business-to-business (B2B) connectivity and IT services provider in combination with Virgin Media O2.

The combination will benefit from significant scale, offering UK businesses a comprehensive range of best-in-class digital-first connectivity solutions and managed services all under one roof, underpinned by Virgin Media O2’s next generation fixed and mobile infrastructure and Daisy Group’s digital-first operations and modern IT systems.

The dedicated new company will serve the communications and IT needs of hundreds of thousands of UK businesses – small offices, SMEs, large enterprises and public sector organisations, as well as indirect partners.

Clifford Chance led for Daisy Group on the transaction, advising on all aspects of the M&A, shareholders arrangements and commercial contracts. The Clifford Chance team was led by Spencer Baylin, Rob Crothers, Graham Phillips, Gareth Camp and Mark Fisher.

Paul Weiss advised Daisy Group on the debt financing.