M&A Deal Summary

Penta Capital Acquires SpiriTel

On August 1, 2003, private equity firm Penta Capital LLP acquired communications company SpiriTel Plc

Acquisition Highlights
  • This is Penta Capital’s 2nd transaction in the Communications sector.
  • This is Penta Capital’s 5th transaction in the United Kingdom.

M&A Deal Summary

Date 2003-08-01
Target SpiriTel Plc
Sector Communications
Buyer(s) Penta Capital LLP
Deal Type Buyout (LBO, MBO, MBI)

Target

SpiriTel Plc

London, United Kingdom
website
SpiriTel Plc provides services to telecom carriers, initially in the high value area of land to mobile termination (calls from land lines to mobile networks).

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Buyer(S) 1

Buyer

Penta Capital LLP

London, United Kingdom

Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 300M GBP
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Penta Capital is a mid-market private equity firm that concentrates on later-stage investment opportunities throughout the UK and Ireland. Penta looks to invest between £5 and £200 million. Sectors of interest include leisure, consumer products/services, and business services. The Firm generally looks to support growth capital needs, as well as management buyouts/buy-ins. Penta Capital was formed in 1999 and maintains offices in London and Glasgow.


DEAL STATS #
Overall 6 of 26
Sector (Communications) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 5 of 16
Country (United Kingdom) 5 of 24
Year (2003) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-02-01 Work Communications Ltd.

London, United Kingdom

Work Communications Ltd. (‘Work’) is a human resources outsourcing company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-01 PiD/Martello

United Kingdom

Martello is a specialist profession trading indemnity underwriting agency for small to medium sized professional firms trading under the name of PI Direct.

Buy -