M&A Deal Summary

GTT Acquires Interoute Communications

On February 26, 2018, GTT acquired communications company Interoute Communications from Aleph Capital Partners and Crestview Partners for 1.9B EUR

Acquisition Highlights
  • This is GTT’s 9th transaction in the Communications sector.
  • This is GTT’s largest (disclosed) transaction.
  • This is GTT’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2018-02-26
Target Interoute Communications
Sector Communications
Buyer(s) GTT
Sellers(s) Aleph Capital Partners
Crestview Partners
Deal Type Add-on Acquisition
Deal Value 1.9B EUR

Target

Interoute Communications

London, United Kingdom
Interoute Communications Ltd. is a provider of connectivity, communications and computing services to international enterprises, global telecommunication service providers, mobile operators, governments and channel partners. Interoute Communications was founded in 2002 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

GTT

McLean, Virginia, United States
Category Company
Founded 2005
Sector Communications
Employees3,100
Revenue 1.7B USD (2019)
DESCRIPTION

GTT is a global telecommunications carrier and network integrator serving the data communications needs of large enterprise, government and carrier clients. GTT was founded in 2005 and is based in McLean, Virginia.

DEAL STATS #
Overall 11 of 14
Sector (Communications) 9 of 12
Type (Add-on Acquisition) 9 of 11
Country (United Kingdom) 1 of 1
Year (2018) 2 of 4
Size (of disclosed) 1 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-08 Custom Connect

Amsterdam, Netherlands

Custom Connect is a provider of high-speed network connectivity serving the world’s leading multinational enterprises and financial trading firms. Custom Connect was founded in 2009 and is based in Amsterdam, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-12 Accelerated Connections

Toronto, Ontario, Canada

Accelerated Connections, Inc. is a provider of managed networking, voice-over-IP (VoIP) and colocation services, serving large distributed Canadian enterprises. Accelerated Connections is based in Toronto, Ontario.

Buy -

Seller(S) 2

SELLER

Aleph Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2013
Size Small
Type Sector Agnostic
DESCRIPTION

Aleph Capital Partners is an independent investment firm focused on acquisitions throughout Europe. Aleph generally seeks to commit €100 to €400 million per transaction and looks to operate as a long-term capital partner of the businesses it invests in. Aleph does not have any stated sector preferences. Aleph Capital Partners was established in 2013 and is headquartered in London.

DEAL STATS #
Overall 1 of 2
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-29 EKINOPS

Lannion, France

EKINOPS is a supplier of next-generation optical transport equipment for telecommunications service providers. The EKINOPS 360 solution addresses Metro, Regional, and Long-Haul applications with a single, highly-integrated platform. EKINOPS is a market-leading innovator in 100G transport with a coherent line of products that truly optimizes optical networks and comes in 1RU, 2RU or 7RU chassis. The EKINOPS 360 solution relies on the highly-programmable EKINOPS T-Chip® (Transport-on-a-Chip) architecture that enables fast, flexible, and cost-effective delivery of new services for high-speed, high-capacity transport. Using the EKINOPS 360 carrier-grade system, operators can simply increase capacity of their networks – CWDM, DWDM, Ethernet, ESCON, Fibre Channel, SONET/SDH, and uncompressed video (HD-SDI, SD-SDI, ASI). EKINOPS was founded in 2003 and is based in Lannion, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-28 Igenomix

Valencia, Spain

Igenomix engages in women’s health and reproductive genetic testing services for IVF clinics. The Company support c. 90,000 couples per year with a global footprint of 19 laboratories covering +80 countries. Igenomix was founded in 2011 and headquartered in Valencia, Spain.

Sell -
SELLER

Crestview Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Crestview Partners is a private equity firm focused on challenging investment situations. Crestview targets opportunities across a broad range of industries, with a special interest in asset management, media, healthcare and financial service companies. The Firm looks to commit $100 to $250 million of equity capital in transactions valued between $500 million and $3 billion. Crestview Partners was formed in 2004 and is based in New York, New York.

DEAL STATS #
Overall 20 of 27
Sector (Communications) 5 of 5
Type (Add-on Acquisition) 9 of 12
Country (United Kingdom) 2 of 2
Year (2018) 2 of 3
Size (of disclosed) 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-07 Victory Capital

San Antonio, Texas, United States

Victory Capital is an investment management firm operating a next-generation, integrated multi-boutique business model with $132.5 billion in assets under management as of July 31, 2020. Victory Capital serves both institutional and retail investors. Victory Capital was founded in 2013 and is based in San Antonio, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-16 U.S. Well Services

Houston, Texas, United States

U.S. Well Services is a hydraulic fracturing services company. Its proprietary (Clean Fleet) technology seeks to be transformative for the industry and bring significant cost, efficiency, and environmental benefits to customers. U.S. Well Services was founded in 2012 and is based in Houston, Texas.

Buy -
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