26 June 2018
| James Pearce
Daisy Group chief executive Neil Muller has left the British wholesale and channel company after three and a half years in charge.
Muller oversaw a number of
acquisitions, including takeovers of Phoenix IT Group and
Alternative Networks after
joining from Computacenter UK in December 2014.
During his tenure the group was put up for sale with a price
tag of £1 billion. A buyer was not found resulting in
founder Matthew Riley taking full control of the company again.
It has since been linked with another listing, but this has not
come to fruition.
A Daisy spokesperson said: "Having successfully led the
significant transformation of the Group over the last three and
a half years, Neil Muller has decided that now is the right
time to pursue a new direction.
"Neil is extremely proud of what Daisy has achieved over
recent years, and thanks the entire Daisy team, customers,
partners, and shareholders for their incredible support. Neil
will continue to watch with interest as the company continues
its ongoing development and success."
Daisy confirmed that founder and exec chairman Riley, who
Muller replaced as CEO, will be taking over day-to-day
executive duties at the company following Muller’s
departure. In an internal memo to staff, seen by the Financial
Times, Muller said he was leaving the company to 'pursue a new
Daisy recently agreed a £175 million deal to buy UK-based
broadband provider TalkTalk’s direct B2B
business, according to TalkTalk. The deal sees Daisy take
over the direct business contracts of more than 80,000
corporate, SME and SoHo customers currently running services on
The company, which started in 2001 and has carried out over
fifty takeovers, went private in 2014, has been very
acquisitive over the last few years since it was taken out of
its public status in 2014 by the private equity companies
Toscafund and Penta Capital, which paid $494 million in