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Announced

Digital Alpha led a $200m investment in Element8.

Financials

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Transaction Value£160m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

Domestic

United States

internet service provider

Internet

Acquisition

Private

Private Equity

Venture Capital

Completed

Friendly

Single Bidder

Synopsis

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Digital Alpha, an investment firm, led a $200m investment in Element8, an internet services provider. “We are absolutely thrilled to have the support and confidence of the Digital Alpha team behind us. In addition to their financial backing, their strategic alliances with industry partners such as Cisco present an opportunity for us to build world-class network infrastructure and expand our relationships with many strategic vendors. All this gives E8 a critical edge in providing the fastest and most reliable internet available to serve the underserved. I attribute our progress and success to our incredible team," Kevin Grace, E8 President and CEO.

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