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Interoute to buy Easynet for GBP 402 million
2015-09-08 10:40:00| Telecompaper Headlines
(Telecompaper) European data centre operator Interoute has agreed to buy managed services provider Easynet. The takeover gives Easynet an enterprise value of GBP 402 million; no further financial details were released. Interoute said the takeover will allow it to offer its enterprise, government and service provider customers a full range of services, as well add new skills and growth prospects for the group. The takeover will increase its annual sales to over EUR 700 million, based on pro forma figures for the 12 months to June. The takeover follows the investment of private equity funds in Interoute earlier this year, aimed at expanding the company's presence in key markets such as the UK and US. Easynet is based in the UK operates and offers a range of unified communications, hosting, colocation, connectivity, security and voice services. It was acquired by the UK-based public sector services specialist MDNX, backed by private equity fund Equistone Partners, in late 2013. Based in London, Interoute over 67,000 km of lit fibre, 12 data centres and 31 collocation centres, with connections to 195 additional third-party data centres.
Interoute buys Easynet in deal valued at 402m
2015-09-08 02:00:00| Total Telecom industry news
European network operator pushes ahead with M&A strategy, picking up U.K.-based service provider.
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MDNX to acquire Easynet
2013-12-12 14:31:00| Telecompaper Headlines
(Telecompaper) UK managed network services provider MDNX has agreed to acquire rival Easynet. The takeover is led by Equistone Partners Europe, a mid-market buy-out firm run by former Barclays executives. Equistone will hold a majority stake in the new company, while Easynet's owner LDC, another private equity firm, is keeping a minority stake. The merger combines Easynet's portfolio of blue-chip customers with MDNX's strong position in the UK public sector, offering increased scale to provide a wider of range of network and hosting services. The company will continue under the name Easynet, except for its German activities, which have focused more on IT outsourcing. The German operations will be spun off in 2014 in a new company to be called Nexinto, owned by LDC and the German management team. The German network assets will remain with Easynet, to build a new business there called Easynet Global Services GmbH. Mark Thompson, CEO and founder of MDNX, will lead the new group as CEO, and Easynet CEO Greg Clarke will become non-executive chairman of the Group. MDNX's Wayne Churchill and and Mike Mulford will remain respectively COO and CFO. No financial details of the takeover were disclosed.
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