South Wales based Indigo Telecom designs, installs and maintains telecom networks across the globe, enabling its clients to deliver fixed line, broadband, mobile and other data services to a wide variety of corporate, enterprise and consumer end users.
The investment provided an exit for Maven Capital Partners and YFM Equity Partners’ £12m investment in 2016 and generates a return of 4.2 times the original cost to YFM and Maven’s respective funds.
The GCP investment will support management in the next phase of accelerated growth including further significant buy and build activity.
Richard Shaw, partner at GCP said: “Indigo has a long track record of exceptional delivery and differentiation through its commitment to flexible customer service, breadth of service offering and its wide geographic footprint.
“This enables the group to provide critical infrastructure support to an impressive roster of international network operators and technology enterprises, who rely on their high-quality managed services capabilities. We are delighted to be partnering with the Indigo team and look forward to supporting the next phase of accelerated growth.”
The shareholders received corporate finance advice from Jon Edirmanasinghe, John Farrugia and Mike Dinsdale of Cavendish Corporate Finance with legal advice being provided by Peter McLintock and Junaid Haroon of Mills & Reeve.
GCP received legal advice from Osborne Clarke.