Divestiture • Communications

euNetworks Acquires The Loop Manchester

On December 31, 2020, euNetworks acquired communications company The Loop Manchester from Gamma Communications

Acquisition Context
  • This is euNetworks’ 2nd transaction in the Communications sector.
  • This is euNetworks’ 1st transaction in the United Kingdom.

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M&A Deal Summary

Date December 31, 2020
Target The Loop Manchester
Sector Communications
Buyer(s) euNetworks
Sellers(s) Gamma Communications
Deal Type Divestiture

Target Company

The Loop Manchester

Manchester, United Kingdom
The Loop Manchester Ltd. provides high capacity internet into more than 70 key multi-tenant commercial building with over 180km of high capacity fiber cables, it connects to 20 data centers. The Loop Manchester was founded in 2012 and is based in Manchester, United Kingdom.
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Buyer Overview 1

Buyer

euNetworks

London, United Kingdom

Category Company
Founded 2002
Sector Communications
DESCRIPTION

euNetworks is a provider of bandwidth infrastructure services. euNetworks focuses on delivering scalable, fiber-based products and solutions to a customer base that is at the center of technology transformation. euNetworks was founded in 2002 and is based in London, United Kingdom.


Deal Context for Buyer #
Overall 2 of 2
Sector: Communications 2 of 2
Type: Divestiture 1 of 1
Country: United Kingdom 1 of 1
Year: 2020 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-28 Onstage Online

Vienna, Austria

Onstage Online GmbH is an internet and service provider. Onstage offers its customers the possibility of an ideal IT and telecommunications structure. Optimum and cost-effective telecommunications solutions are in the foreground here. Onstage Online GmbH was founded in 1995 and is based in Vienna, Austria.

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Seller Profile 1

SELLER

Gamma Communications

Newbury, United Kingdom

Category Company
Founded 2001
Sector Communications
Employees1,530
Revenue 579M GBP (2024)
DESCRIPTION

Gamma Communications is a provider of Unified Communications as a Service (UCaaS). Gamma provides robust and secure solutions that enable organizations to communicate, collaborate, and offer a better customer experience. Gamma focuses its family of businesses on digital automation, delivering UCaaS services to SME customers largely via a network of channel partners. Gamma Communications was founded in 2001 and is based in Newbury, the United Kingdom.


Deal Context for Seller #
Overall 1 of 1
Sector: Communications 1 of 1
Type: Divestiture 1 of 1
Country: United Kingdom 1 of 1
Year: 2020 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-03 Mission Labs

Rossendale, United Kingdom

Mission Labs is a developer of applications to manage cloud contact centers and enhance customer experience.

Buy £40M