Home Iliad acquires majority stake in Jaguar Network for nearly EUR 100 million
 

Keywords :   


Iliad acquires majority stake in Jaguar Network for nearly EUR 100 million

2019-01-21 09:45:00| Telecompaper Headlines

(Telecompaper) Iliad announced that it has acquired a 75 percent stake in French data centre and cloud services operator Jaguar Network. Private equity firm Naxicap sold its interest to Iliad as part of a deal facilitated by Jaguar Network's founder, Kevin Polizzi, who retains the remaining 25 percent stake and will stay at the company as CEO. Iliad said that it purchased the majority stake based on a multiple of 10.6x EBITDA, representing an investment of just under EUR 100 million.

Tags: network eur million majority

Category:Telecommunications

Latest from this category

All news

»
29.03Boston University Researchers Create Novel Scale To Measure Hyperpigmentation
29.03Post Office scandal: Calls for police to investigate after BBC report
29.03Researchers Look at Cinnamic Acid for Hair Growth
29.03Chinese smartphone giant takes on Tesla
29.03Questions raised over Temu cash 'giveaway' offer
29.03Charge of 90 to clear problem debt axed for poorest
29.03India's army of gold refiners face new competition
28.03Secret papers show Post Office knew case was false
More »