Service: IT Due Diligence
Industry: Technology and Communication Provider
Intechnica provided IT Due Diligence to Queen’s Park equity ahead of their recent acquisition of YayYay Limited.
Founded in 2013, Yay provides cloud-based communication services to microbusinesses and SMEs to access enterprise-level telephony solutions. Yay has witnessed exponential growth in recent years, with now 7000 customers across the UK and the US, as well as 24,000 users worldwide.
The investment from Queen’s Park Equity will enable Yay’s future growth plans and accelerate its channel offerings.
We are delighted to be able to add Yay to our portfolio of exciting businesses operating in the tech services sector. The technology they have developed is second-to-none in their field, possessing the potential to assist thousands of scaling businesses globally.
The Shawbrook team were an obvious choice for us thanks to their extensive knowledge of the sector, as well as their ability to adapt their package to a borrower’s need. We thank them for all of their hard work on this deal.Jonny Kay, Managing Partner at QPE.
We are really pleased to continue to build on our strong existing relationship with QPE, in what will be our third deal with the firm. QPE has an excellent track record of investing in firms with a high-potential for growth, and Yay undoubtedly fit the picture in that respect.
We wish both QPE and Yay all the best in their future endeavours and look forward to closely watching their growth.James Salmon, Senior Director at Shawbrook.