M&A Deal Summary

Partners Group AG Acquires EOLO

On July 19, 2021, asset manager Partners Group AG acquired communications company EOLO from Searchlight Capital Partners for 1.2B EUR

Acquisition Highlights
  • This is Partners Group AG’s 3rd transaction in the Communications sector.
  • This is Partners Group AG’s 6th largest (disclosed) transaction.
  • This is Partners Group AG’s 3rd transaction in Italy.

M&A Deal Summary

Date 2021-07-19
Target EOLO
Sector Communications
Buyer(s) Partners Group AG
Sellers(s) Searchlight Capital Partners
Deal Type Secondary Buyout
Deal Value 1.2B EUR

Target

EOLO

Busto Arsizio, Italy
website
EOLO is a national telecommunications operator, leader in the field of ultra-broadband for the residential and business market. EOLO owns and operates more than 3,400 Base Transceiver Stations, which transmit fixed wireless internet between its network and end-users, and 13,000 kilometers of fiber backhaul, covering roughly 80% of Italian households. EOLO was founded in 1999 and is based in Busto Arsizio, Italy.

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Buyer(S) 1

DESCRIPTION

Partners Group is a global investment management firm with a variety of funds and institutional clients. The Firm's direct investment group looks to invest in or acquire market leading companies with growth opportunities linked to technology. Partners is a hands-on investor and looks to actively support its portfolio companies with expansion, operational, and governance structure support. Partners Group was established in 1996 and is headquartered in Zug, Switzerland.


DEAL STATS #
Overall 77 of 87
Sector (Communications) 3 of 3
Type (Secondary Buyout) 41 of 51
Country (Italy) 3 of 3
Year (2021) 10 of 13
Size (of disclosed) 6 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-19 Pharmathen

Amstelveen, Netherlands

Pharmathen is a European pharmaceutical company that focuses on developing, manufacturing, and out-licensing complex generic pharmaceutical products. Pharmathen's differentiated B2B model attracts a blue-chip customer base of more than 215 generic pharmaceutical companies, which it serves from two US/EU-approved manufacturing facilities in Greece. Pharmathen was founded in 1969 and is based in Amstelveen, Netherlands.

Buy €1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-27 Reedy Industries

Glenview, Illinois, United States

Reedy Industries is a provider of commercial HVAC services, mechanical services, and energy solutions primarily serving commercial, industrial, and municipal buildings in the Midwest. Reedy Industries serves over 6,000 customers focusing on preventative maintenance, break/fix repairs, and retrofit projects. Reedy Industries was founded in 1930 and is based in Glenview, Illinois.

Buy -

Seller(S) 1

SELLER

Searchlight Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2010
PE ASSETS 860M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Searchlight Capital Partners is a private investment firm founded in 2010. The Firm will invest across the capital structure, including equity and debt and will consider a variety of transaction situations, from simple to complex. Areas of focus include communications, media, information, IT services, business services, financial services, consumer services, consumer products, education, and industrial goods/services. The Firm will consider opportunities across North America and Europe. Searchlight Capital has offices in New York, London, and Toronto.


DEAL STATS #
Overall 5 of 11
Sector (Communications) 2 of 2
Type (Secondary Buyout) 1 of 3
Country (Italy) 1 of 1
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-06 All Points Broadband

Richmond, Virginia, United States

All Points Broadband is a rural-facing ISP in the mid-Atlantic, currently serving approximately 25,000 end-users through a combination of fiber-to-the-home (“FttH”) and fixed wireless networks in markets throughout Virginia and Kentucky. All Points Broadband was founded in 2014 and is based in Richmond, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-10 Flowbird Group

Paris, France

Flowbird Group is a provider of parking management solutions and a major player in public transport ticketing equipment. The company operates through two business divisions, Smart Parking operates across the whole value chain of the on-street parking management and Smart Transport provides ticketing solutions (connected ticket and validation terminals) and associated software systems for public transport. Flowbird Group is based in Paris, France.

Buy -