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easynet.com

Founded Year

1994

Stage

Acquired - III | Acquired

Valuation

$0000 

About Easynet Global Services

Easynet is a specialist telecommunications business that designs and manages data networks for large businesses as well as providing managed hosting and video conferencing solutions around the globe. It also provides fibre services for smaller businesses in the UK and Holland.

Easynet Global Services Headquarters Location

5 Thomas More Square

London, England, E1W 1YW,

United Kingdom

+44 20 7032 5200

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Latest Easynet Global Services News

News - LDC agrees to acquire Easynet Global Services from BSkyB (Sky) for £100 million

Dec 19, 2013

Tweet LDC has announced that it has reached an agreement with BSkyB (Sky) over the proposed sale of its business-to-business telecommunications operation, Easynet Global Services, for £100 million. LDC, the leading mid-market private equity arm of Lloyds Banking Group, today announces that it has reached an agreement with BSkyB (Sky) over the proposed sale of its business-to-business telecommunications operation, Easynet Global Services, for £100 million. The agreement to buy Easynet is subject to regulatory approval and a works council consultation in respect of certain Easynet employees. Easynet is a specialist telecommunications business that designs and manages data networks for large businesses as well as providing managed hosting and video conferencing solutions around the globe. It also provides fibre services for smaller businesses in the UK and Holland. LDC is backing the management team who have demonstrated a strong track record over a number of years. As part of the deal, the assets and employees related to the corporate network management and hosting business will remain with Easynet. Sky and LDC will enter into a long-term supply agreement to grant Easynet Global Services continued access to the Sky’s national fibre network in the U.K, which continues to support the fast-growing Sky Broadband and Sky Talk services. BSkyB will also continue to be a business customer of Easynet. The sector backdrop is very favourable, with aggregate expenditure on business data services across Europe expected to increase significantly driven by the accelerating trend of companies to outsource management and location of their servers and hosting. Easynet also operates in the most favourable sub-sectors of the business data service market both by product and delivery technology. TMT, business and support services and BPO are all core areas of expertise within LDC, in particular for LDC London, its investment team based in the Capital. Daniel Sasaki, Director, LDC, commented: “TMT is a core area for LDC and Easynet is a great example of how we can deploy our deep sector knowledge and investment experience to identify excellent companies and great management teams and undertake value-added transactions. Easynet has a broad range of multinational clients and provides industry leading levels of services to them across the attractive data networking and managed hosting sectors. Management has a consistent track record of generating strong financial returns and we look forward to supporting David and his team as they guide Easynet on its next stage of development.” Article Footnotes Notes to Editors: LDC is part of the Lloyds Banking Group and is authorised and regulated by the Financial Conduct Authority. LDC back ambitious management teams from UK-based companies seeking between £2m and £100m of equity for management buy-outs, institutional buy-outs or development capital transactions. LDC invests in a broad range of sectors and has particular experience in Construction & Property, Financial Services, Healthcare, Industrials, Retail & Consumer, TMT, Travel & Leisure and Support Services. LDC has a UK regional network of 8 offices. For further information visit www.ldc.co.uk Find out how LDC can make a difference to your company

  • When was Easynet Global Services founded?

    Easynet Global Services was founded in 1994.

  • Where is Easynet Global Services's headquarters?

    Easynet Global Services's headquarters is located at 5 Thomas More Square, London.

  • What is Easynet Global Services's latest funding round?

    Easynet Global Services's latest funding round is Acquired - III.

  • Who are the investors of Easynet Global Services?

    Investors of Easynet Global Services include Interoute, Equistone Partners Europe, MDNX, LDC and Sky.

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