M&A Deal Summary

TPG Acquires iiNet

On March 12, 2015, TPG acquired communications company iiNet for 1.4B AUD

Acquisition Highlights
  • This is TPG’s 3rd transaction in the Communications sector.
  • This is TPG’s largest (disclosed) transaction.
  • This is TPG’s 5th transaction in Australia.

M&A Deal Summary
Date 2015-03-12
Target iiNet
Sector Communications
Buyer(s) TPG
Deal Type Add-on Acquisition
Deal Value 1.4B AUD

Target

iiNet

Perth, Australia
website
iiNet is an internet service provider through its subsidiaries include Internode, Westnet, AAPT Limited, Adam Internet, TransACT and Netspace. The company provides ADSL-based Internet access, using their own ADSL2+ infrastructure and reselling Telstra ADSL services, as well as reselling the NBN. iiNet also provides optical-fiber, dial-up, and voice services. iiNet was formed in 1993 and is based in Perth, Australia.

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Buyer(S) 1

Buyer

TPG

North Ryde, Australia

website

Category Company
Sector Communications
Employees5,000
Revenue 4.4B AUD (2020)
DESCRIPTION

TPG is a provider of a diverse range of communication services to residential users, small and medium enterprises (SMEs), government, large corporate enterprises and wholesale customers. TPG offers nationwide ADSL2+, NBN, Fibre Optic and Ethernet broadband access, telephony services, Internet Protocol Television (IPTV), SIM Only Mobile plans and various business networking solutions.

DEAL STATS #
Overall 5 of 5
Sector (Communications) 3 of 3
Type (Add-on Acquisition) 4 of 4
Country (Australia) 5 of 5
Year (2015) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-09 AAPT

Sydney, Australia

AAPT Ltd. is a provider of telecommunications infrastructure companies, offering voice, internet, data and cloud services for business and wholesale customers via its extensive national network.

Buy AU$450M
Mergr

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