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Announced

Completed

3i Infrastructure completed the acquisition of GCX for $512m.

Financials

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Transaction Value£407m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Friendly

technology infrastructure

Private

Majority

Bermuda

fibre optics

data communications

Cross Border

Internet

Acquisition

Completed

Synopsis

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3i Infrastructure, a closed-ended investment company, completed the acquisition of Global Cloud Xchange, an operator of information technology infrastructure and provider of business communication services, for $512m. “GCX represents a great addition to the 3i Infrastructure portfolio. The company holds a valuable leadership position in an attractive and growing sector and we look forward to working with Carl Grivner and his experienced management team to continue GCX’s growth,” Scott Moseley, 3i Managing Partner and Co-Head of European Infrastructure.

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