Daisy Group chief executive Matthew Riley has been named dealmaker of the year at the annual M&A Awards in London.
The awards ceremony recognises mergers and acquisition achievements from across the business community, in what organisers called “some of the most challenging market conditions”.
The dealmaker of the year accolade recognised Riley’s achievement in growing Daisy Group during very challenging times. Having completed the £204 million reverse takeover of Freedom 4 and flotation on the AIM in July last year, Daisy went on to complete six acquisitions in the last financial year, taking the total number of deals done by Riley and his team to 30.
Cash freed up by the AIM flotation allowed Daisy to acquire Vialtus, Eurotel, AT Communications and Redstone Telecom able to be completed in quick succession, with synergies of £17 million achieved through the integration of the deals, Daisy said. Since the turn of the year Daisy has also completed the acquisitions of Managed Communications and BNS Telecom.
Riley said the win was not only recognition of the company’s ambition and performance, but more importantly an acknowledgement of the platform for further growth that it had provided for Daisy Group.
He said: “This award is testament to the Daisy team that work tirelessly to ensure the company can continue with its strategy for growth. The reverse takeover and flotation allowed us to carry out key acquisitions and gave us a real foothold to stay ahead of our competitors and gain ground on BT.
“Daisy’s ambition has always been to be the only alternative to BT for UK businesses and we are closer to reaching this goal, with solid foundations for our plans for future growth.
“The fact that we have been able to do this in one of the worst downturns this country has ever seen is a fantastic achievement for everyone involved with the company,” Riley said.