Lynx aligns with TXO’s global strategy to be a leading circular economy service partner for network operators as they expand and transform their networks in a sustainable way.
The addition of Lynx will bolster TXO’s team with over 80 highly skilled specialists offering turnkey decommissioning, asset management, engineering and test and repair services. These new highly skilled employees will complement its existing team of over 260 telecom specialists to deliver a full-service circular economy proposition.
Lyn Pickering, CEO of Lynx UK, commented: “TXO shares our vision for how the telecoms market should function sustainably and the cultural mindset needed to ensure the growth of sustainable networks. By joining TXO, we will be able to extend our impact globally, driving innovation, efficiency and sustainability in the ever-evolving landscape of the telecoms industry.”
The transaction was led by Dominic Lillie, Knight Corporate Finance Associate Director, and Adam Zoldan, Co-Founder.
Dominic said: “Having worked with Lynx since 2021, the transaction demonstrates Knight’s long-term approach to working with our clients. It has been a pleasure working with the team at Lynx and I look forward to seeing the business prosper under the new ownership of TXO.”
Lyn Pickering added: “Knight CF were the perfect partners to see us through the process of selling our business. We met with numerous advisors and selected Knight CF because they were experts in our sector and able to prove a successful track record of completed sales.
“Plus, and this is a big one, we liked them. This was important, as throughout the process we spent many hours with them. We worked closely with Dom Lillie, who was professional and calm, always willing to work with our other advocates and go in to bat for us to negotiate with the buyer advisors.
“Dom’s financial knowledge and experience helped us to fully understand the implications of the agreed offer structure and the deal unfolded exactly as Dom had advised us it would, with the funds flowing accurately and correctly.
“I can highly recommend Knight and we would not have wished to have had anyone else by our sides to get us across that all important finishing line. Thank you, Knight!”
Knight CF was founded by Adam Zoldan and Paul Billingham in December 2008 with the specific aim of advising businesses and entrepreneurs in the technology and telecoms sector. During this time, it has completed more than 180 transactions from its offices in London and Warrington.
“Knight CF were the perfect partners to see us through the process of selling our business. We met with numerous advisors, and selected Knight CF because they were experts in our sector and able to prove a successful track record of completed sales. Plus, and this is a big one, we liked them. This was important, as throughout the process, we spent many hours with them. We worked closely with Dom Lillie, who was professional and calm, always willing to work with our other advocates and going into bat for us to negotiate with the buyer advisors. Knights financial knowledge and experience helped us to fully understand the implications of the agreed offer structure and the deal unfolded exactly as Knight had advised us it would, with the funds flowing accurately and correctly. I can highly recommend Knight and we would not have wished to have had anyone else by our sides to get us across that all important finishing line. Thank you Knight!”
Lyn Pickering, CEO of Lynx UK Limited
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