MBO of Indigo Telecom backed by Maven and YFM
HMT LLP undertook financial due diligence for Maven Capital Partners and YFM Equity Partners on their £12 million investment in Indigo Telecom Group Ltd to support the management buy-out.
South Wales based Indigo designs, installs and maintains telecom networks across the UK and Europe, enabling customers such as Vodafone, Sky and BT to deliver fixed line, broadband, mobile and other data services to a wide variety of corporate, enterprise and consumer end users. Its key capabilities include Project Services, such as large-scale, turnkey network installation and commissioning projects, and Managed Services covering the management, repair and maintenance of telecom networks.
Indigo has 85 full time employees, and operates a well-developed partner eco-system of up to 500 engineers which enables the business to provide comprehensive geographical coverage for customers, with minimal ‘time to site’ service levels. The company operates across 20 countries and supports over 10,000 client sites with operations managed through a dedicated 24-7 Network Operations Centre.
Maven and YFM have supported the MBO investing in partnership to provide a £12 million funding package, including additional funds to support a buy and build strategy to scale and diversify the Indigo group.
The management team led by CEO Stephen Thompson has a growth strategy to create a global telecom services group that is resourced to achieve both organic growth, capitalising on a number of attractive market opportunities, and a focused buy and build strategy in the telecoms sector.
HMT undertook due diligence on this transaction.
Andrew Ferguson, Partner at Maven commented
Peter Welch, Chief Financial Officer at Indigo commented
“We are delighted to have advised Maven and YFM on their investment in Indigo. With private equity support and the growth strategy put in place by the management team, Indigo has a bright future in front of them and we are looking forward to working with them again in the future.”
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