Addleshaw Goddard has advised the UK arm of technologies group Solutions 30 in a rescue deal for the business of Mono Consultants – safeguarding every job at the Glasgow-headquartered telecoms service provider. 

The AG Restructuring team was led by Tim Taylor and included Barry Davies, Jason Scott, Emma Widdowson, Jawad Ilyas, Elizabeth Oakley and George Bird. Katy Stevenson (Data Protection) and Florence Millar (Employment) provided additional support. 

Mono is one of the largest telecommunications infrastructure providers in the fragmented UK market. However, despite strong historic performance and future prospects, the impact of COVID-19 on working practices and activity levels proved challenging. The pre-packaged acquisition, enabled by Mono's growth potential, reputation and order book, should enable the business to come back stronger as part of the Solutions 30 group (alongside its existing 'Comvergent' business). 

Tim Taylor said: "The aftermath of the pandemic is still being felt in a number of sectors, but this deal demonstrates how a business with strong fundamentals can attract the right purchaser to emerge stronger from the challenges of the last 18 months." 

"There are a number of reasons why Mono's business is a great fit for Solutions 30, and the business can now thrive as the market rebounds." 

"Crucially, we are delighted to have been able to offer our help and expertise to preserve Mono's business and all 165 jobs."