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Announced

Completed

Alinda Capital completed the acquisition of Glide from Inflexion for £200m.

Financials

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Transaction Value£200m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

United Kingdom

Single Bidder

Majority

Telecommunications Equipment

Private Equity

Acquisition

Private

fibre network services

Friendly

Disposal

Cross Border

Synopsis

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US infrastructure investor Alinda Capital completed the acquisition of Glide, which designs, installs and manages fibre networks required to deliver broadband connectivity, from Inflexion for £200m. "We are pleased to have supported Glide’s strong growth journey, which has seen the company transformed into the UK fibre leader serving niche markets and benefitting from the exponential growth in broadband usage. That Glide attracted strong interest at this time is vindication of its position as a robust leader in its field. Its transformation though the strategic M&A we supported has given it a very strong and defensible position, making it well placed to continue to grow further with its new backers," Simon Turner, Inflexion Managing Partner.

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