M&A Deal Summary

TalkTalk Acquires Virtual1

On April 4, 2022, TalkTalk acquired internet software and services company Virtual1 from BGF

Acquisition Highlights
  • This is TalkTalk’s 1st transaction in the Internet Software and Services sector.
  • This is TalkTalk’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2022-04-04
Target Virtual1
Sector Internet Software and Services
Buyer(s) TalkTalk
Sellers(s) BGF
Deal Type Add-on Acquisition

Target

Virtual1

London, United Kingdom
Virtual1 is a provider of B2B connectivity to businesses around the UK. Virtual1 delivers cloud and connectivity services exclusively to the wholesale market, aggregating its own cutting-edge London-based network with networks from other carriers onto a single scalable platform. Virtual1 was founded in 2007 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

TalkTalk

Salford, United Kingdom

Category Company
Founded 2002
Sector Communications
DESCRIPTION

TalkTalk is a provider of landline, broadband, TV, and mobile services. TalkTalk serves over four million customers and operates Britain’s largest unbundled broadband network. TalkTalk was founded in 2002 and is based in Salford, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2022 M&A 1 of 1

Seller(S) 1

SELLER

BGF

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2011
PE ASSETS 2.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Business Growth Fund (BGF) is a private investment firm focused on early and growth-stage investing across the UK. The Firm also invests in publicly traded companies. BGF's growth team looks to invest £1 to £15 million in small to mid-sized companies looking for additional capital to pursue growth. BGF was established in 2011 and is headquartered in London.


DEAL STATS #
Overall 82 of 131
Sector: Internet Software and Services M&A 7 of 11
Type: Add-on Acquisition M&A Deals 43 of 70
Country: United Kingdom M&A 78 of 125
Year: 2022 M&A 11 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-29 CSN Care Group

Milton Keynes, United Kingdom

CSN Care Group is a national domiciliary care provider that provides quality, personalized home care services designed to enable its customers to remain as independent as possible within their own homes, safely, comfortably, and with dignity. CSN Care Group is based in Milton Keynes, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-13 Inoapps

Aberdeen, United Kingdom

Inoapps is a provider of consulting, implementation and hosting, and managed services for Oracle applications, technology, and hardware. Inoapps was founded in 2006 and is based in Aberdeen, United Kingdom.

Sell -