2e2 bides its time to sell up

Voice and data integrator denies reports that it is to sell up in the near future

Voice and data integrator 2e2 has stressed it is in no rush to sell up, despite admitting it has been approached by several potential suitors.

Nick Grossman, corporate business development director at 2e2, said the Cisco and HP partner was no different from any company of 2e2’s size and nature and that no talks had reached an advanced stage.
“Over the past six to nine months, we have had approaches, but these are firms that have probably gone around the whole market,” he said.

“Duke Street Capital has only been an investor in us for 15 months and the typical hold cycle for private equity houses is two to four years.”