Secondary buyout of Indigo-Belcom

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Secondary buyout of Indigo-Belcom2018-12-17T11:12:08+00:00

Project Description

HMT LLP undertook vendor due diligence for Indigo-Belcom on their secondary management buy-out supported by Growth Capital Partners.

Based in South Wales, Indigo-Belcom is a leading independent global telecom services delivery partner offering high value, mission critical solutions to the fixed and mobile carrier and enterprise market sectors.

Indigo-Belcom specialises in the design, planning, build, supply, management and maintenance of UK, European and global telecommunications networks. They offer a comprehensive range of installation, professional and technical services to assist telecommunications operators, carriers, network equipment manufacturers, utilities and private enterprises in deploying, managing and maintaining their multi-vendor telecommunications infrastructure.

Following a management buyout led by CEO Stephen Thompson in 2016 and supported by Maven Capital Partners and YFM Equity Partners, the business initiated an M&A strategy with their first acquisition of Belcom247, a specialist provider of data centre connectivity solutions in 2017.

Growth Capital Partners’ investment will enable Indigo-Belcom to accelerate growth and M&A activity with the aim of expanding their portfolio of telecom full lifecycle services. Maven and YFM have exited the business generating a 4.2x return.

HMT, led by Partner Paul Read undertook vendor due diligence for Indigo-Belcom on this transaction.

Peter Welch, CFO of Indigo-Belcom, commented:

HMT were the natural selection for VDD having previously provided the DD reports for the Indigo MBO and the Belcom 247 Acquisition. Previous knowledge of the business led to a fast, relatively pain free and ultimately successful process with a great new investor, GCP. Many thanks again to Paul, Tom and the team for all their help. 

Paul Read commented:

“We are delighted to have advised Indigo-Belcom on another transaction following the MBO in 2016 and the acquisition of Belcom 247 last year. GCP’s investment and experience will enable the business to reach their ambitious growth plan and develop their buy and build strategy. We look forward to working with them again in the future.”