Maven has completed the MBO of Indigo Telecom Group, investing alongside fellow private equity manager YFM Equity Partners, to acquire the business from parent TTG-Global Limited. The business will benefit from a £12m funding package to accelerate growth, including additional funds to support a buy and build strategy.
This transaction continues a strong period of recent investment for Maven, having already completed private equity investments in 2016 across the technology, support services, healthcare and specialist manufacturing sectors for client funds. Recent investments include: backing the MBI of document management specialist Prime Document; supporting new product development at scientific instrument manufacturer Blacktrace Holdings; backing the expansion of innovative online GP business The GP Service; and leading the respective £11m and £12m MBOs of interior fit-out contractor EE Smith and Westfield Medical, a leading provider of sterilisation barrier products to the international healthcare and industrial sectors.
Stephen Thompson, CEO at Indigo, added:“The telecoms infrastructure market is experiencing sustained growth and our business is ideally positioned to grasp the opportunity for expansion as increasing client demand continues to reflect the need for access to reliable, high capacity networks. With the backing of Maven and YFM, allied to our existing client support infrastructure, we look forward to capitalising on the opportunity to gain additional market share, and pursuing a strategic acquisition programme”.
http://www.mavencp.com/about/latest/418-maven-leads-mbo-of-indigo-telecom
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