Buyout (LBO, MBO, MBI) • Communications

Penta Capital Acquires SpiriTel

On August 1, 2003, private equity firm Penta Capital acquired communications company SpiriTel

Acquisition Context
  • This is Penta Capital’s 2nd transaction in the Communications sector.
  • This is Penta Capital’s 5th transaction in the United Kingdom.
Investment Fate
  • SpiriTel was sold to a strategic buyer in 2010 for 27M GBP.

Explore All 547 Buyout (LBO, MBO, MBI) Communications Deals - Search the Database Free


M&A Deal Summary

Date August 1, 2003
Target SpiriTel
Sector Communications
Buyer(s) Penta Capital
Deal Type Buyout (LBO, MBO, MBI)

Target Company

SpiriTel

London, United Kingdom
SpiriTel Plc provides services to telecom carriers, initially in the high value area of land to mobile termination (calls from land lines to mobile networks).
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Buyer Overview 1

Buyer

Penta Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Penta Capital is a mid-market private equity firm that concentrates on later-stage investment opportunities throughout the UK and Ireland. Penta looks to invest between £5 and £200 million. Sectors of interest include leisure, consumer products/services, and business services. The Firm generally looks to support growth capital needs, as well as management buyouts/buy-ins. Penta Capital was formed in 1999 and maintains offices in London and Glasgow.


Deal Context for Buyer #
Overall 6 of 29
Sector: Communications 2 of 3
Type: Buyout (LBO, MBO, MBI) 5 of 18
Country: United Kingdom 5 of 27
Year: 2003 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-02-01 Work Communications

London, United Kingdom

Work Communications Ltd. (‘Work’) is a human resources outsourcing company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-01 PiD/Martello

United Kingdom

Martello is a specialist profession trading indemnity underwriting agency for small to medium sized professional firms trading under the name of PI Direct.

Buy -