M&A Deal Summary

Cable & Wireless Worldwide Acquires Columbus Communications

On April 3, 2015, Cable & Wireless Worldwide acquired communications company Columbus Communications from Portland Private Equity for 1.9B USD

Acquisition Highlights
  • This is Cable & Wireless Worldwide’s 3rd transaction in the Communications sector.
  • This is Cable & Wireless Worldwide’s largest (disclosed) transaction.
  • This is Cable & Wireless Worldwide’s 1st transaction in Barbados.

M&A Deal Summary

Date 2015-04-03
Target Columbus Communications
Sector Communications
Buyer(s) Cable & Wireless Worldwide
Sellers(s) Portland Private Equity
Deal Type Add-on Acquisition
Deal Value 1.9B USD

Target

Columbus Communications

BridgeTown, Barbados
Columbus Communications, Inc. is a retail broadband telecommunication providers.

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Buyer(S) 1

Buyer

Cable & Wireless Worldwide

London, United Kingdom

Category Company
Sector Communications
Employees3,977
Revenue 1.9B GBP (2014)
DESCRIPTION

Cable & Wireless Worldwide PLC was a multinational telecommunications services company. The Company serviced large corporations, governments, carriers and resellers and its services included managed voice, data and IP based services.


DEAL STATS #
Overall 3 of 3
Sector (Communications) 3 of 3
Type (Add-on Acquisition) 3 of 3
Country (Barbados) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 Exodus

Town & Country, Missouri, United States

Exodus is a provider of Internet system and network management solutions for enterprises with mission-critical Internet operations. Exodus built state-of-the-art Internet data centers that managed all critical performance requirements, such as backup power, fire suppression, on-site security, fully scalable bandwidth, network availability, and network, system, and application monitoring.

Buy -

Seller(S) 1

SELLER

Portland Private Equity

St. Michael, Barbados

Investor Investor Investor Investor Investor


Category Private Equity Firm
PE ASSETS 425M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Portland Private Equity LP is an investment group focused on opportunities across the Caribbean. Portland looks to partner with management when pursuing transactions, and targets 'simple', scalable businesses, with talented management. The firm invests in the range of $10 - $40 million per transaction. Portland's minimum investment size is $15 million. Portland Private Equity is based in Barbados.


DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Barbados) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-01 World Food Processing

Oskaloosa, Iowa, United States

World Food Processing is a non-GMO soybean processing and genetics company in the US. World Food Processing is based in Oskaloosa, Iowa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-01 Grupo IGA

Bogota, Colombia

Grupo IGA is a dominant food service platform in the Colombian market and has some of Colombia’s most iconic brands, including Kokoriko, Andrés Carnes de Res, and Mimo’s.

Buy -