Henley-on-Thames: HMT advises Indigo on acquisition of datacentre specialist

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TBM Team

HMT, led by partner Paul Read, manager Tom Bradbury and senior manager Ravi Majithia provided buy-side advisory services to Indigo Telecom Group on the acquisition of Belcom247.

Indigo is a leading provider of multi-vendor managed and project services to Tier 1 and 2 telecom network operators, equipment vendors, multi-national corporations and government clients. The business specialises in the design, planning, build, supply, management and support of UK, European and global telecommunications networks.

Belcom247 is a specialist provider of field engineering and datacentre connectivity solutions worldwide. Belcom247 provides mission critical network installation and maintenance services to many major datacentres across Europe and Asia. Over the past decade, Belcom247 has built an impressive customer base of telecommunications service providers, datacentre operators and global enterprises.

HMT first advised on the MBO of Indigo in 2016 supported by Maven Capital Partners and YFM Equity Partners. Maven and YFM invested £12 million into the business including additional funds to support a buy-and-build strategy.

The acquisition of Belcom adds a range of additional services and geographical reach that will significantly strengthen Indigo’s capabilities, customer offering and market position.

Partner Paul Read and manager Tom Bradbury undertook financial due diligence on this transaction. Senior manager Ravi Majithia provided financial modelling services.

Peter Welch, finance director at Indigo, commented: “Paul and the team at HMT advised Indigo on our MBO last year and we didn’t hesitate in retaining the same team again to advise on the Belcom acquisition. HMT consistently provide work of a high quality and go the extra mile to get the job done. I look forward to working together again on our next M&A activity."

TBM Team