M&A Deal Summary

Ardian Acquires Adamo

On October 11, 2021, private equity firm Ardian acquired communications company Adamo from EQT

Acquisition Highlights
  • This is Ardian’s 16th transaction in the Communications sector.
  • This is Ardian’s 17th transaction in Spain.

M&A Deal Summary

Date 2021-10-11
Target Adamo
Sector Communications
Buyer(s) Ardian
Sellers(s) EQT
Deal Type Secondary Buyout

Target

Adamo

Barcelona, Spain
Adamo is a provider of high-speed internet services over an own fiber-based access network. Adamo’s network covers over 100,000 households. Adamo was founded in 2004 and is based in Barcelona, Spain.

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Buyer(S) 1

Buyer

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 410 of 464
Sector: Communications M&A 16 of 18
Type: Secondary Buyout M&A Deals 131 of 155
Country: Spain M&A 17 of 18
Year: 2021 M&A 18 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-11 Mirion

Atlanta, Georgia, United States

Mirion is a provider of radiation detection, measurement, analysis, and monitoring products and services to the nuclear power, medical, military, and homeland security markets. Mirion Technologies was founded in 2005 and is based in Atlanta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-20 Palex

Barcelona, Spain

Palex is a distributor of sanitary equipment and advanced hospital solutions. It has a wide portfolio of specific hospital equipment and equipment for more than 40 medical specialties, from fungible material to sophisticated diagnostic, treatment, and laboratory equipment. Palex was founded in 1955 and is based in Barcelona, Spain.

Sell -

Seller(S) 1

SELLER

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 155 of 194
Sector: Communications M&A 7 of 8
Type: Secondary Buyout M&A Deals 47 of 61
Country: Spain M&A 3 of 4
Year: 2021 M&A 17 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-07 VFS Global

Dubai, United Arab Emirates

VFS Global is an industry pioneer and the global number one provider of visa process outsourcing services for governments and diplomatic missions worldwide. The company also provides passport, consular, and other citizen services to governments. VFS Global was founded in 2001 and is based in Dubai, United Arab Emirates.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-25 zooplus

Munich, Germany

zooplus is an online retailer of pet products in 24 European countries particularly pet food and accessories for all important types of pets. zooplus was founded in 1999 and is based in Munich, Germany.

Buy -