PE-backed Interoute acquires Easynet for £402m

The deal will be financed by a combination of debt and equity from Interoute's shareholders.

According to the Times, the acquisition of Easynet is part of Interoute's growth strategy, preparing the company for a public listing. Interoute declined to comment on this.

In March 2015, Aleph and Crestview acquired a 30% stake in Interoute. The remaining shares are held by the Sandoz family foundation.

Interoute acquired Easynet because of its scale and its complementary customer base, geographic focus and product set. The investors target further acquisition for Interoute.

Previous funding
Hosting service MDNX acquired Easynet with backing from Equistone Partners Europe and LDC in December 2013. Kelso Place had purchased MDNX in October 2010 through the merger of Solution1, VTL and CIG.

In July 2010, LDC acquired Easynet for £100m from BSkyB.

Company
Founded in 1994 and headquartered in Bracknell, Easynet is a managed cloud infrastructure business. The company manages services for clients including Sports Direct, Anglian Water, Bridgestone and Levi Strauss. Easynet has 900 employees.

People
Gareth Williams is the CEO of Interoute. Hugues Lepic is the CEO of Aleph. Brian Cassidy is a partner at Crestview.

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• Topics
• DACH
• Exits
• Expansion
• United Kingdom
• Acquisition finance