M&A Deal Summary

I Squared Capital Acquires EXA Infrastructure

On October 16, 2020, infrastructure investor I Squared Capital acquired infrastructure company EXA Infrastructure from GTT for 2.2B USD

Acquisition Highlights
  • This is I Squared Capital’s 2nd transaction in the Infrastructure sector.
  • This is I Squared Capital’s 2nd largest (disclosed) transaction.
  • This is I Squared Capital’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2020-10-16
Target EXA Infrastructure
Sector Infrastructure
Buyer(s) I Squared Capital
Sellers(s) GTT
Deal Type Divestiture
Deal Value 2.2B USD

Target

EXA Infrastructure

London, United Kingdom
EXA Infrastructure consists of business and activities of providing Pan-European, North American, sub-sea, and trans-Atlantic fiber network and data center infrastructure services to customers. EXA Infrastructure is based in London, United Kingdom.

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Buyer(S) 1

DESCRIPTION

I Squared Capital is a global infrastructure investment manager focusing on energy, utilities, and transportation assets in North America, Europe, and select high growth economies. I Squared Capital was established in 2012 and is headquartered in New York City.


DEAL STATS #
Overall 19 of 50
Sector (Infrastructure) 2 of 2
Type (Divestiture) 6 of 7
Country (United Kingdom) 2 of 6
Year (2020) 4 of 6
Size (of disclosed) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-26 Orazul Energy Group

Peru

Orazul Energy Group is a power generation and transmission company in Latin America, operating across Peru, Chile, Ecuador, Central America and Argentina, with a history of strong operating and financial performance.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Clean Energy Fuels Australia

Welshpool, Australia

Clean Energy Fuels Australia develops small scale liquefied natural gas infrastructure assets in Australia. Clean Energy Fuels Australia was founded in 2009 and is based in Welshpool, Western Australia.

Buy -

Seller(S) 1

SELLER

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 1 of 1
Sector (Infrastructure) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-08 KPN International

The Hague, Netherlands

KPN International is a telecommunications and IT provider, serving both Dutch and International customers with its connectivity and value-added services. KPN International offers its services to small-, medium-, and large-size business customers and Wholesales customers worldwide.

Buy €50M