HMT LLP provided buy-side advisory services to Indigo Telecom Group on the acquisition of Belcom247
Indigo is a leading provider of multi-vendor managed and project services to Tier 1 and 2 telecom network operators, equipment vendors, multi-national corporations and government clients. The business specialises in the design, planning, build, supply, management and support of UK, European and global telecommunications networks.
Belcom247 is a trusted, specialist provider of field engineering and datacentre connectivity solutions worldwide. Belcom247 provides mission critical network installation and maintenance services to many major datacentres across Europe and Asia. Over the past decade, Belcom247 has built an impressive customer base of telecommunications service providers, datacentre operators and global enterprises
HMT first advised on the MBO of Indigo in 2016 supported by Maven Capital Partners and YFM Equity Partners. Maven and YFM invested £12 million into the business including additional funds to support a buy and build strategy.
The acquisition of Belcom adds a range of additional services and geographical reach that will significantly strengthen Indigo’s capabilities, customer offering and market position.
HMT undertook financial due diligence on this transaction and provided financial modelling services.
“The team at HMT advised Indigo on our MBO last year and we didn’t hesitate in retaining the same team again to advise on the Belcom acquisition. HMT consistently provide work of a high quality and go the extra mile to get the job done. I look forward to working together again on our next M&A activity.”
– Peter Welch, Finance Director at Indigo
“We are delighted to have advised Indigo on their first acquisition as part of their buy and build strategy. Belcom has built an attractive customer base over the years and the acquisition of the business will strengthen Indigo’s offering. This transaction is testament to the quality of HMT’s integrated corporate finance offering as we provided Indigo with financial and tax due diligence as well as building a robust financial model. We are looking forward to working with them again in the future.”
– Paul Read
