Knight advises EnableX shareholders on group’s sale to Gamma

EnableX comprises three channel businesses – Pragma, Techland and Candio. Its focus is on enabling resellers to access new opportunities and win within multiple technology areas, including cloud communications, where it is one of the leading providers to the UK wholesale channel.

EnableX will continue to operate independently and be led by Will Morey, its Chief Executive Officer, alongside the existing management team.

“We are excited to be part of the Gamma Group and it’s clear how the portfolio we have fits into Gamma’s strategy for growth and leadership in the UCaaS space,” said Will. “Bringing these businesses together will help us both to bring additional value to the channel.”

The transaction was led by Paul Billingham. Knight Corporate Finance Director, supported by Chris Collins and Jacob Pattison.

“We have worked with EnableX previously, having advised on the merger between Pragma and Techland in 2022 to form the enlarged business,” said Paul.

“Whilst the shareholders were not looking for an exit this soon after the merger, they had an approach that led them to consider their strategic options and appointed Knight. We worked with the shareholders to ensure all options were considered and are delighted to have completed the transaction with Gamma.

“We still see businesses selling to industry consolidators without using an adviser, without exploring all options, despite the obvious gulf in experience in undertaking transactions. The outcome for EnableX demonstrates the value of having an experienced an adviser on your side”.

Will Morey added: “The team at Knight have done an outstanding job over two transactions, firstly by helping to create EnableX Group and supporting us in accessing the funding for that transaction, and secondly in the sale to Gamma. Their support in all aspects of the transaction has been outstanding, and Paul and the team played a critical role in making this happen.”

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 190 transactions from its offices in London and Warrington.