The dark satanic rumour mill has manufactured a hell on earth yarn that Daisy is gearing up to auction itself for up to £1.5 billion.
The rumour was started by Sky News which claimed the IT, telecoms and cloud provider is poised to appoint investment bankers in the “next few weeks” to handle a sale process that will start in the first half of 2018.
Daisy has grown rapidly from a sub-£100 million SMB telecoms supplier into a £700 million outfit. It did this though acquisitions of Damovo, Phoenix IT and Alternative Networks.
Daisy Group is not saying anything about the sale. The official comment is that Daisy is a privately owned business and its management team’s focus is solely on continuing to build on its position as the UK’s largest independent provider of business communications, IT and cloud services.
However ownership has been an issue for the outfit since the firm was taken private by its founder Matthew Riley at the start of 2015.
