M&A Deal Summary

CityFibre Acquires Entanet International

On July 5, 2017, CityFibre acquired communications company Entanet International from Mobeus Equity Partners

Acquisition Highlights
  • This is CityFibre’s 1st transaction in the Communications sector.
  • This is CityFibre’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2017-07-05
Target Entanet International
Sector Communications
Buyer(s) CityFibre
Sellers(s) Mobeus Equity Partners
Deal Type Add-on Acquisition

Target

Entanet International

Telford, United Kingdom
Entanet International Ltd. is a wholesale voice and data communication service provider. Entanet International Ltd. was established in 1996 and is headquartered in Telford, UK.

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Buyer(S) 1

Buyer

CityFibre

London, United Kingdom

Category Company
Founded 2011
Sector Technology Hardware
Employees96
Revenue 4M GBP (2014)
DESCRIPTION

CityFibre builds, designs and operates pure-fibre networks across the UK. As the UK’s only nationwide, wholesale provider of dark fibre, and with a range of active products, CityFibre serves tier 1 providers, local authorities, mobile operators and communications providers. CityFibre was founded in 2011 and is based in London, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 1

SELLER

Mobeus Equity Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Mobeus Equity Partners is a generalist investor in UK-based companies. Mobeus looks to invest between £2 and £20 million in a variety of transaction situations. These include MBOs, secondary buyouts, debt financings, shareholder liquidity needs, and recapitalizations. Mobeus generally targets high growth, profitable (£1 to £5 million) businesses with sustainable competitive advantages. Mobeus is based in London.


DEAL STATS #
Overall 27 of 50
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 15 of 27
Country: United Kingdom M&A 27 of 49
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-28 Ludlow Wealth Management Group

Southport, United Kingdom

The Ludlow Wealth Management Group is a provider of financial planning advice to clients who collectively entrust us with more than £850 million. Ludlow Wealth Management is based in Southport, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-25 Wetsuit Outlet

Essex, United Kingdom

Wetsuit Outlet is an online retailers of technical clothing and equipment for water sports. Wetsuit Outlet sells a full range of technical clothing and equipment for water sports. Wetsuit Outlet was founded in 2003 and is based in Essex, United Kingdom.

Buy -