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New Deal


Announced

Completed

Aviva Investors completed the £45m investment in ITS Technology Group.

Financials

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Transaction Value£45m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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IT Services: Other

Private

hybrid networks

Domestic

Completed

Single Bidder

Friendly

Acquisition

Minority

United Kingdom

Private Equity

Synopsis

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Aviva Investors, a global asset management firm, completed the £45m investment in ITS Technology Group, a full fibre and hybrid networks provider. "Aviva Investors is pleased to support the roll-out of ITS’s full fibre broadband network. There is a clear and growing demand for this essential infrastructure across the country. The funding from Aviva Investors will allow ITS and its management team to build on its existing infrastructure and brand to accelerate its network expansion and to provide world-class infrastructure across the country," Sean McLachlan, Aviva Investors Senior Director.

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