M&A Deal Summary

GlobalConnect Acquires Broadnet

On September 13, 2018, GlobalConnect acquired communications company Broadnet from EQT

Acquisition Highlights
  • This is GlobalConnect’s 1st transaction in the Communications sector.
  • This is GlobalConnect’s 1st transaction in Norway.

M&A Deal Summary

Date 2018-09-13
Target Broadnet
Sector Communications
Buyer(s) GlobalConnect
Sellers(s) EQT
Deal Type Merger

Target

Broadnet

Fornebu, Norway
Broadnet is the largest alternative datacom provider in Norway. The company controls one of two optical fiber networks in Norway in addition to a substantial regional and local network. The group consists of two brands: Broadnet, serving the business and wholesale market, and HomeNet, serving the consumer market. Broadnet was founded in 2003 and is based in Fornebu, Norway.

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Buyer(S) 1

Buyer

GlobalConnect

Copenhagen SV, Denmark

Category Company
Sector Communications
DESCRIPTION

GlobalConnect is an alternative fiber-based data communication and data center services provider to enterprises and consumers in Northern Europe. In total, the company operates approximately 84,500 km of fiber and 27,000 sqm of data center space that provides for a full range offering of communication infrastructure services including bandwidth connectivity, colocation, and cloud infrastructure. GlobalConnect is based in Copenhagen SV, Denmark.


DEAL STATS #
Overall 1 of 3
Sector (Communications) 1 of 2
Type (Merger) 1 of 2
Country (Norway) 1 of 1
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-21 IP-Only

Uppsala, Sweden

IP-Only is a provider of high-capacity fiber-based data communication and data center services in Sweden. IP-Only owns and operates a high-capacity fiber network linking the Nordic capitals Stockholm, Oslo, Copenhagen, and Helsinki as well as Sweden’s second and third largest cities Gothenburg and Malmo. IP-Only was founded in 1999 and is headquartered in Uppsala, Sweden.

Buy -

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 111 of 187
Sector (Communications) 4 of 8
Type (Merger) 8 of 11
Country (Norway) 4 of 9
Year (2018) 10 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-17 China Shine

Shanghai, China

China Shine is a fast-growing facility management service provider present in over 70 cities across China, focusing on general cleaning services and aggressively expanding geographically and into new service verticals. China Shine was Founded in 2016 and is based in Shanghai, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-09 Artwall

Shanghai , China

Artwall produces a full range of wallcovering products including wallpaper, mural, wall cloth, and curtains, and has a well-diversified distribution network consisting of self-branded retail stores and dealers. Artwall was founded in 2005 and is based in Shanghai, China.

Buy -