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Announced

Completed

Radius Payment Solutions completed the acquisition of Rainbow Communications.

Financials

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

Tags

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Single Bidder

Completed

United Kingdom

Acquisition

Majority

Friendly

Private

telecommunications company

Telecommunications Services: Other

Domestic

Synopsis

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Radius Payment Solutions, a provider of B2B transport and communications services, completed the acquisition of Rainbow Communications, an independent telecommunications company in the UK and Ireland. Financial terms were not disclosed. “Eric and Martin have built a great business over the last 20 years and have a strong customer base that includes many of Northern Ireland’s Top 200 Companies. We are really looking forward to working with their team to continue this success and innovate with new products and services over the years ahead," Bill Holmes, Radius CEO.

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