M&A Deal Summary

Blackstone Credit Acquires XLN Telecom

On October 30, 2014, lender Blackstone Credit acquired communications company XLN Telecom from ECI Partners for 100M GBP

Acquisition Highlights
  • This is Blackstone Credit’s 1st transaction in the Communications sector.
  • This is Blackstone Credit’s 2nd largest (disclosed) transaction.
  • This is Blackstone Credit’s 2nd transaction in the United Kingdom.
Investment Fate
  • XLN Telecom was sold to a strategic buyer in 2022.

M&A Deal Summary

Date 2014-10-30
Target XLN Telecom
Sector Communications
Buyer(s) Blackstone Credit
Sellers(s) ECI Partners
Deal Type Secondary Buyout
Deal Value 100M GBP

Target

XLN Telecom

London, United Kingdom
XLN Telecom is a communications company based in London. It supplies fixed line and broadband services to 70,000 customers in the SME sector and is one of Britain’s fastest growing alternative telecoms service providers.

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Buyer(S) 1

Buyer
DESCRIPTION

Blackstone Credit is the lending arm of alternative asset management firm The Blackstone Group. Blackstone Credit looks to provide a variety of capital needs, including loans, high yield and investment grade bonds, structured credit, mezzanine lending, and opportunistic financings. The Blackstone Group acquired lender GSO Capital Partners in 2008 which formed the foundation for Blackstone Credit. Blackstone Credit is based in New York, New York.


DEAL STATS #
Overall 5 of 14
Sector: Communications M&A 1 of 1
Type: Secondary Buyout M&A Deals 4 of 4
Country: United Kingdom M&A 2 of 2
Year: 2014 M&A 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-21 ColorMatrix

Berea, Ohio, United States

ColorMatrix Group, Inc. is a manufacturer of liquid color and additive concentrates for thermoplastic products. ColorMatrix serves customers in the blow molding, industrial extrusion, and performance molding industries who manufacture beverage bottles, vinyl siding, vinyl pipe, and other plastic products.

Sell $486M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-22 Rijnmond Power Plant

Vondelingenplaat, Netherlands

Rijnmond Power Plant is a natural gas-fired combined cycle power generation facility. Rijnmond Power Plant is based in Vondelingenplaat, Netherlands.

Buy -

Seller(S) 1

SELLER

ECI Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 2.0B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

ECI Partners is a private equity firm focused on the smaller middle-market company that invests in growing businesses valued up to £300m. ECI looks for UK businesses or businesses with a substantial presence in the UK. Funds are generally used to support expansion, acquisitions, management buyouts, buy-ins, turnarounds, and refinancing. Target sectors include IT services, support services, Insurance, and SME services. ECI will not invest in early-stage companies. ECI Partners was formed in 1976 and has offices in London, Manchester, and New York.


DEAL STATS #
Overall 46 of 76
Sector: Communications M&A 1 of 1
Type: Secondary Buyout M&A Deals 9 of 26
Country: United Kingdom M&A 44 of 70
Year: 2014 M&A 3 of 3
Size (of disclosed) 3 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-24 Auction Technology Group

London, United Kingdom

Auction Technology Group is an online marketplace that provides online auction platforms in multiple verticals. ATG's platform powers live and timed auctions across multiple verticals including art and antiques, classic cars, industrial & commercial, and consumer retail returns. Auction Technology Group was incorporated in 1971 and is based in London, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-09 IDX

London, United Kingdom

IDX is a provider of digital corporate communications and marketing services to blue-chip institutions globally. IDX was founded in 2000 and is based in London, United Kingdom.

Buy £50M