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4yrs ago Hedge Fund hedgeweek Views: 256

17th Dec 2019 - 3:45pm

4site acquired by Growth Capital Partners-backed Indigo Telecom Group

Submitted 17/12/2019 - 3:45pm

GCP is delighted to announce that it has supported Indigo’s acquisition of Foursite Design Consultants Limited (4site).

4site was established in 2002 with its headquarters in Limerick Ireland, and is a specialist provider of mobile wireless, and fibre services. These services include the survey, planning, design and build of wireless and fibre network infrastructure supported by its Limerick based fibre design centre of excellence opened in 2017. The solutions offered by 4site are underpinned by customised network design tools with a strong emphasis on technical innovation to support the growing demand for 5G and FTTx networks.

The deal creates a combined business with an annual turnover in excess of GBP50 million with 300-plus employees across an international network of 10 offices in the UK, Ireland, France, Germany and Singapore. The acquisition complements Indigo Telecom Group’s core expertise in the supply of multi-vendor telecom support services, by adding 4site’s design and planning expertise in delivering specialist fibre, and mobile wireless services into its group capabilities.

Indigo, who partnered with GCP through a secondary MBO in November 2018, designs, installs and maintains international telecom and data networks. These networks enable their customers to deliver fixed line, broadband, mobile and other data services to a wide variety of end users. Its key capabilities include Project Services, such as large-scale, complex network installation, commissioning projects and Managed Services, including the management, repair and maintenance of global telecommunication networks. Indigo are one of the market leaders for reliability of service and dependability.

Richard Shaw, Partner, GCP, says: “ We are delighted to have supported the Indigo team in making this strategic international acquisition. This deal is part of Indigo’s broader buy and build strategy focused on an expanding range of critical network infrastructure and data centre services and further international expansion. 4site is an excellent high growth business with a strong culture of people development and service delivery and we look forward to working with Ian Duggan and his team and welcoming them into the wider group.”

Kevin Taylor, Chairman of Indigo says: ‘’The synergies between the two businesses present significant opportunities for continued growth and we see huge benefit for our customers from our expanded portfolio of services. Both organisations have strong reputations for delivering industry excellence in Consulting, Projects, Delivery and Service and we are very excited by the opportunity this will provide to both our employees and our customers’’

Ian Duggan, CEO of 4site, adds: ‘’This deal accelerates our long-term growth ambitions by becoming part of a leading, global business whose values mirror our own. With its financial backing and scale of operation, Indigo is perfectly placed to support 4site’s growth plans and vision for the future. The deal will facilitate the continued development and expansion of our telecoms services in Ireland and the wider international market.”

Tags Deals & Transactions Acquisitions

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