Hill Dickinson has acted for Lloyds Bank plc on the financing of Elitetele.com’s acquisition of Nexus Telecommunications, its 15th acquisition since 2008.

Based in Chorley and founded in 2000, Elite is a unified communications provider. Its take-over of Leeds-headquartered Nexus is its largest deal to date, creating a group with sales of £50m.

The group will have 165 staff across seven locations, with Nexus contributing £16m of revenue and 35 staff.

Nexus will be rebranded under the Elite name and its 35 staff will remain at the business' Leeds office, extending Elite’s customer base and geographical presence.

Ian Riggs and Katie Somerville from Hill Dickinson’s corporate team advised long-standing client Lloyds Bank alongside Richard Capper and Elizabeth Finnie from the firm’s banking team.