M&A Deal Summary

Metronet Acquires M247

On October 12, 2016, Metronet acquired internet software and services company M247 for 48M GBP

Acquisition Highlights
  • This is Metronet’s 1st transaction in the Internet Software and Services sector.
  • This is Metronet’s 0th largest (disclosed) transaction.
  • This is Metronet’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2016-10-12
Target M247
Sector Internet Software and Services
Buyer(s) Metronet
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 48M GBP

Target

M247

Manchester, United Kingdom
M247 is an internet infrastructure and hosting company, that offers high bandwidth connectivity, servers, web hosting, data and network security services. M247 was founded in 2003 and is based in Manchester, United Kingdom.

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Buyer(S) 1

Buyer

Metronet

Manchester, United Kingdom
Category Company
Founded 2003
Sector Technology Hardware
DESCRIPTION

Metronet is a provider of wired and wireless technology to extend the power of dedicated leased line connectivity beyond the reach of traditional fibre. Metronet was founded in 2003 and is based in Manchester, United Kingdom.

DEAL STATS #
Overall 1 of 2
Sector (Internet Software and Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
Country (United Kingdom) 1 of 2
Year (2016) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-07 Venus Business Communications

London, United Kingdom

Venus Business Communications Ltd. is a provider of ethernet networks. High speed fibre optic Internet is the core service provided by Venus.

Buy -
Mergr

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