The corporate finance team at SGH Martineau has acted for Keycom in connection with its recommended takeover by 海角视频B Networks.

Keycom was formerly a listed company which meant the transaction was governed by the provisions of the City Code on Takeovers and Mergers.

The Keycom Group is engaged in the design, development and delivery of communications and multimedia services via ultra-high speed connectivity.

It creates, delivers and supports systems, applications, platforms, channels, hardware, infrastructure and training for organisations that manage multi-tenant sites such as educational establishments, military bases, office complexes, hospitals, hotels and residential developments.

海角视频B Networks is an indirect wholly-owned subsidiary of HKT Limited, a telecommunications service provider listed on the Hong Kong stock exchange.

The SGH Martineau team was led by partner Andrew Glaze with assistance from Alex Davidson and Jennie Davis.

Jocelin Harris, chairman of Keycom, said: 鈥淚n the second half of 2014 a number of parties approached the board of Keycom expressing serious interest in acquiring the company.

鈥淭he process we instigated on the back of that, culminated in the offer by 海角视频B, which we recommended to our shareholders.

鈥淲e were very grateful to Andrew and his team for providing focussed, practical and commercially aware advice and for guiding us through the provisions of the takeover code which applied to the transaction.鈥

Mr Glaze said: 鈥淭his deal brought together our experience of advising on takeover code issues and a deep understanding of our client鈥檚 business, developed over a number of years.

鈥淭his ensured we were able to deliver the pragmatic, commercially aware advice for which we are renowned.鈥

鈥淜eycom are a valued client and it has been gratifying to work so closely with them on this deal and to help them achieve such a positive outcome.鈥

Oakley Capital provided financial advice to Keycom and Reed Smith and Anthem Corporate Finance advised 海角视频B Networks.