UK - Zeus-backed XLN makes acquisition

OneBill and XLN both provide fixed line and broadcasting services to small- and medium-sized companies. OneBill brings with it a selection of contracted agencies that sell OneBill's products. With OneBill's business customers, XLN now has more than 100,000 clients.

Zeus backed the buyout of XLN in January 2008 with £6.63m equity, with Kaupthing Singer & Friedlander providing senior debt and working capital. The enterprise value of the buyout was estimated at £15-25m.

The Royal Bank of Scotland's corporate and structured finance team provided senior debt for the bolt-on and to refinance XLN.

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

• Topics
• Expansion
• UK / Ireland
• Technology