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Announced

Completed

ITS Technology Group completed the acquisition of NextGenAccess from International Public Partnerships and Amber Infrastructure.

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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Domestic

Friendly

Acquisition

Completed

Telecommunications infrastructure

United Kingdom

Single Bidder

Private

fibre telecommunications

Majority

Private Equity

Synopsis

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ITS Technology Group, a telecommunications service provider in England, completed the acquisition of NextGenAccess, a neutral host, managed fibre infrastructure service provider, from International Public Partnerships, a large British publicly listed investment company dedicated to infrastructure investments, and Amber Infrastructure, a sponsor, developer, fund and asset manager of infrastructure, real estate and sustainable energy projects. Financial terms were not disclosed. NGA owns and operates a network of ultrafast wholesale fibre broadband infrastructure across England and Wales. NDIF has financed a major expansion of its network across the UK, deploying high capacity fibre routes supporting enterprise and business customers across Bristol, Newport, Essex and London. NGA will continue to operate as a standalone business as part of ITS.

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