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New Deal


Announced

Completed

ICG and Teras Capital completed the acquisition of data center business of Avatel.

Financials

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

Sources

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Tags

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telecommunications

Spain

Telecommunications Services: Other

Acquisition

Cross Border

Majority

Private

Private Equity

Completed

Friendly

Single Bidder

Synopsis

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ICG, a private equity investment firm, and Teras Capital, an investment firm, completed the acquisition of data center business of Avatel, a telecommunication company. Financial terms were not disclosed. Avatel concentrates its data center division through Beta Data Center, a vehicle established more than two years ago and which was based on the construction, leasing and transfer of these infrastructures that provide wholesale and retail telecommunications services.

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