M&A Deal Summary

I Squared Capital Acquires GTT Communications - Infrastructure Division

On October 16, 2020, infrastructure investor I Squared Capital acquired infrastructure company GTT Communications - Infrastructure Division 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 4th transaction in the United States.
  • This is I Squared Capital’s 2nd transaction in Virginia.

M&A Deal Summary
Date 2020-10-16
Target GTT Communications - Infrastructure Division
Sector Infrastructure
Buyer(s) I Squared Capital
Sellers(s) GTT
Deal Type Divestiture
Deal Value 2.2B USD

Target

GTT Communications - Infrastructure Division

McLean, Virginia, United States
GTT Communications, Inc. - Infrastructure division 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.

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Buyer(S) 1

Buyer

I Squared Capital

Investor Investor Investor

Category Infrastructure
Founded 2012
Size Small
Type Sector Focused
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 12 of 26
Sector (Infrastructure) 2 of 2
Type (Divestiture) 6 of 7
State (Virginia) 2 of 2
Country (United States) 4 of 11
Year (2020) 2 of 4
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-30 Rubis Terminal

Paris, France

Rubis Terminal is an independent company specialized in distributing petroleum products (fuel, LPG, etc.) and storing liquid products (petroleum products, chemicals, agro products, fertilizers). Rubis Terminal was formed in 1877 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-09 Cloud Kinetics Tech Pte

Singapore, Singapore

Cloud Kinetics Tech Pte Ltd. is a cloud-tech company, that architect, design, build and manage scalable cloud infrastructure for enterprise clients globally. Cloud Kinetics Tech was founded in 2012 and is based in Singapore.

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
State (Virginia) 1 of 1
Country (United States) 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
Mergr

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