PE-backed Indigo Telecom acquires Belcom247

The deal is the first bolt-on acquisition in the buy-and-build strategy after Indigo's buyout in June 2016. YFM and Maven invested £12m in the original transaction, including funds to support the buy-and-build strategy.

Extra funding for the acquisition was provided by a debt facility arranged by HSBC.

The combined group will have revenues of £28m and EBITDA of £3m, according to the press release. Indigo alone reported EBITDA of £900,000 from £20.25m in sales in 2015.

The acquisition of Belcom adds geographic diversity, as 43% of its turnover is generated outside of the UK, according to publicly available documents.

YFM and Maven jointly invested £12m in Indigo in June 2016. RBS provided the debt for the transaction.

Company
Founded in 2005, Belcom is a field engineering company for data centres. It installs and maintains data centres in Europe and Asia. In 2016, the company employed 57 people and generated an operating profit of £443,511.

People
Maven Capital Partners – Andrew Symmonds (investment director).
YFM Equity Partners – Colin Granger (investment director).
Indigo Telecom Group – Stephen Thompson (CEO).
Belcom247 – John Giblin (managing director).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Portfolio management
• UK / Ireland
• Technology
• United Kingdom
• Maven Capital Partners
• YFM Group
• Build-up
• Buy-and-build