M&A Deal Summary

Basalt Infrastructure Partners Acquires Manx Telecom

On March 14, 2019, infrastructure investor Basalt Infrastructure Partners acquired communications company Manx Telecom for 226M GBP

Acquisition Highlights
  • This is Basalt Infrastructure Partners’ 1st transaction in the Communications sector.
  • This is Basalt Infrastructure Partners’ 0th largest (disclosed) transaction.
  • This is Basalt Infrastructure Partners’ 2nd transaction in the United Kingdom.

M&A Deal Summary
Date 2019-03-14
Target Manx Telecom
Sector Communications
Buyer(s) Basalt Infrastructure Partners
Deal Type Going Private
Deal Value 226M GBP

Target

Manx Telecom

Braddan, United Kingdom
website
Manx Telecom is a telecommunications and internet provider offering a full range of fixed-line, mobile and data services to consumers and businesses. Manx Telecom was founde in 1987 and is based in Braddan, United Kingdom.

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Buyer(S) 1

Buyer

Basalt Infrastructure Partners

Investor Investor Investor Investor Investor

website

Category Infrastructure
Founded 2011
PE ASSETS 2.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Basalt Infrastructure Partners is an infrastucture investor focused on opportunities across North America and Europe. The Firm's principal areas of interest include utilities, energy, and transportation. Basalt prefers assets with significant barriers to entry, sustainable long-term cash-flows, and high operating margins. In addition to acquiring operational assets, the Basalt will also consider late stage construction projects. Basalt Infrastructure Partners was founded in 2011 and is headquartered in London.

DEAL STATS #
Overall 4 of 15
Sector (Communications) 1 of 6
Type (Going Private) 1 of 2
Country (United Kingdom) 2 of 4
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-08 Caronte & Tourist

Messina, Italy

Caronte & Tourist owns and operates 26 ferries providing lifeline ferry services between Sicily and the Italian mainland (Strait of Messina) and between Sicily and the Sicilian minor islands. Caronte & Tourist was founded in 2003 and is based in Messina, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-17 Black Bear Transmission

Houston, Texas, United States

Black Bear Transmission transports and delivers natural gas from various pipeline receipt points to power generation, industrial and utility customers in the Southeast United States. The Company includes 7 regulated natural gas pipelines with total capacity of over 1,600 MDth per day, stretching approximately 550 miles. The pipelines are connected to 8 major long-haul pipelines, ensuring reliable gas supply to customers across Louisiana, Alabama, Mississippi, Tennessee and Arkansas. Black Bear Transmission is based in Houston, Texas. ​

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