The Wavenet transaction follows other Macquarie Capital investments in UK medium-sized businesses such as Glasgow-based Energetics and Yorkshire-based Premier Technical Services Group. "This investment provides us with a unique opportunity to deploy our flexible capital to grow a leading UK technology provider at a time when organisations across the country are looking for increasingly innovative technology solutions," Adam Joseph, head of private equity for Macquarie Capital Principal Finance Europe, said. "We are looking forward to using our experience from growing other UK businesses to support the development of Wavenet both from an organic and acquisitive standpoint." Wavenet's more recent acquisitions include VIA, Townley and Qubic, which the MSP says have allowed the business to "deliver a comprehensive suite of connectivity, cloud and cyber services and confidently move into the ITaaS space" which is supported by a partnership with HPE.