Transaction Details
June 30, 2014
Manchester
Sector
Technology
Deal Type
M&A
Deal Value
£ 45.0m
Deal Team
Phil Adams, Chris Hopwood, Dominic Orsini
Sale of majority shareholding in Metronet to ISIS Equity Partners (“ISIS”)
Based in Manchester, Metronet is a business-only internet services provider that combines innovative wireless technology with traditional fibre to deliver connectivity solutions from leased lines to complex, multi-site networks across the UK. Using wireless connectivity rather than fibre liberates its customers from reliance upon third-party fibre and exchanges.
Founded in 2003, Metronet has grown rapidly from its Manchester base into Lancashire, Cheshire, Liverpool, Leeds and Birmingham and is now expanding further afield. Widespread adoption of cloud-based services has seen customer growth accelerate and the company now has over 1,200 customers, including Laing O’Rourke, Autotrader, Capgemini and Umbro.