M&A Deal Summary

GI Partners Acquires Ask4

On September 14, 2023, private equity firm GI Partners acquired communications company Ask4 from Bowmark Capital

Acquisition Highlights
  • This is GI Partners’ 6th transaction in the Communications sector.
  • This is GI Partners’ 7th transaction in the United Kingdom.

M&A Deal Summary

Date 2023-09-14
Target Ask4
Sector Communications
Buyer(s) GI Partners
Sellers(s) Bowmark Capital
Deal Type Secondary Buyout

Target

Ask4

Sheffield, United Kingdom
Ask4 is a provider of high-speed internet solutions and managed data services for multi-tenant accommodation. ASK4 partners with universities, private sector student accommodation providers, residential apartment developers, and businesses. Ask4 was founded in 2000 and is based in Sheffield, United Kingdom.

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Buyer(S) 1

Buyer

GI Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 42.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GI Partners (Global Innovation Partners) is a private equity firm focused on control oriented investments in asset-backed businesses and properties located throughout North America and Western Europe. GI looks to invest up to $1500 million in companies generating predictable, recurring cash flows; underperforming businesses with intrinsic value; and direct asset investments with operational complexity. Sectors of interest include energy, education, healthcare services, leisure, retail, logistics, media, entertainment, financial services, technology, and telecommunications. GI Partners was formed in 2001 and has offices in San Francisco, Greenwich, and Chicago.


DEAL STATS #
Overall 56 of 61
Sector: Communications M&A 6 of 8
Type: Secondary Buyout M&A Deals 21 of 23
Country: United Kingdom M&A 7 of 7
Year: 2023 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-02 Rise Broadband

Englewood, Colorado, United States

Rise Broadband is a provider of fiber-to-the-home and fixed wireless broadband services across 16 states. It is dedicated to providing reliable high-speed internet and connecting communities one customer at a time. Rise Broadband is based in Englewood, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-19 DQE Communications

Pittsburgh, Pennsylvania, United States

DQE Communications is a provider of high-speed, data networking for businesses and carriers offers a robust portfolio of Internet and Data Network Solutions. DQE Communications was founded in 1997 and is based in Pittsburgh, Pennsylvania.

Buy -

Seller(S) 1

SELLER

Bowmark Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 2.0B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Bowmark Capital is a private equity firm that targets investments in smaller, growth-oriented companies based in the UK. Bowmark considers investments across a range of industries with a strong interest in Business & Financial Services, Consumer & Leisure, Education & Training, Healthcare, Media, and Technology. Bowmark funds individual equity investments of up to £200 million and focuses on investing in UK companies which are valued between £25 million and £300 million. Bowmark was formed in 1997 and is based in London, United Kingdom.


DEAL STATS #
Overall 29 of 33
Sector: Communications M&A 1 of 2
Type: Secondary Buyout M&A Deals 15 of 18
Country: United Kingdom M&A 27 of 31
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-02 LOD

London, United Kingdom

LOD is a provider of alternative legal services, supplying specialist, flexible legal solutions to over 500 corporate and law firm clients. LOD was founded in 2017 and is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-15 CubeLogic

London, United Kingdom

CubeLogic is a supplier of risk management software solutions for the energy, commodity, and financial markets. The company's software uses business intelligence to enable clients to monitor and manage exposures arising from market risk, credit risk, liquidity risk, and regulatory compliance. It addresses the increasing demand for robust, cost-effective solutions for risk management. CubeLogic was formed in 2009 and is based in London, United Kingdom.

Buy -