M&A Deal Summary

GlobalConnect Acquires IP-Only

On November 21, 2019, GlobalConnect acquired communications company IP-Only from EQT

Acquisition Highlights
  • This is GlobalConnect’s 2nd transaction in the Communications sector.
  • This is GlobalConnect’s 1st transaction in Sweden.

M&A Deal Summary

Date 2019-11-21
Target IP-Only
Sector Communications
Buyer(s) GlobalConnect
Sellers(s) EQT
Deal Type Merger

Target

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.

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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 2 of 3
Sector (Communications) 2 of 2
Type (Merger) 2 of 2
Country (Sweden) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-13 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-18 Theft Detective

Conover, North Carolina, United States

Theft Detective is an automated video monitoring system specifically designed for unattended retail environments. Theft Detective is based in Conover, North Carolina.

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 121 of 187
Sector (Communications) 5 of 8
Type (Merger) 9 of 11
Country (Sweden) 32 of 33
Year (2019) 9 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-12 BHG Group

Malmö, Sweden

BHG Group is a fast-growing European online platform for DIY and Home Furnishing (“Home Improvement”) with a clear market-leading position in the Nordics. It operates approximately 100 online sites comprising bygghemma.se, trademax.se, chilli.se, nordicnest.se, and furniturebox.se, as well as approximately 70 showrooms. BHG Group was formed in 2006 and is based in Malmö, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-22 E.I.S. Aircraft Products and Services

Euskirchen, Germany

E.I.S. Aircraft Products and Services is a well-established product and service provider focused on the aerospace market with more than 60 years of experience. E.I.S. Aircraft's two main businesses ’Products and Services‘ offer a comprehensive scope of capabilities throughout the whole value chain, ranging from design and engineering up to program management, production to aftermarket support. E.I.S. Aircraft Products and Services was founded in 1953 and is based in Euskirchen, Germany.

Sell -