At what enterprise value was AIRE NETWORKS acquired in 2022?

During the acquisition of AIRE NETWORKS by ARDIAN in 2022, the company was valued at an estimated revenue multiple of 5x - 12x. The transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 14.4x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of AIRE NETWORKS when it was acquired by ARDIAN?

The estimated EV/EBITDA multiple for AIRE NETWORKS is in the range of 15x - 25x. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.4x. Join our community for free to access full valuation data and industry trends.

When was AIRE NETWORKS acquired by ARDIAN?

AIRE NETWORKS was acquired by ARDIAN in 2022.

What was the revenue of AIRE NETWORKS at the time of the deal?

The revenue of AIRE NETWORKS at the time of the deal is estimated to be in the range of 100M - 200M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of AIRE NETWORKS during the acquisition?

AIRE NETWORKS's EBITDA is estimated to be in the range of 25M - 50M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the AIRE NETWORKS acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the AIRE NETWORKS deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.ardian.com/fr/communiques-de-presse/ardian-acquiert-une-participation-majoritaire-dans-aire-networks-operateur-de

← DATABASE

Home Database TMT (Tech, Media, Telecom)AIRE NETWORKS

06/2022

AIRE NETWORKS acquired by ARDIAN

SPAIN Telecom / Operators EV 500M - 1.5b EUR

Context

Ardian agreed to acquire a majority stake in Aire Networks from Magnum Industrial Partners. As part of the transaction, the core management team re-invested significantly alongside Ardian to maintain a meaningful equity stake. The strategic objective of the partnership is to support Aire Networks in its next phase of growth, focusing on the expansion of its national fiber footprint and the enhancement of its specialized cloud and data center service offerings. This deal allows Ardian to consolidate its position in the Iberian telecommunications sector, leveraging synergies in expertise within the digital infrastructure landscape.

AIRE NETWORKS, which reported an EBITDA margin of LOGIN in 2021, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.4x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Founded in 2002, Aire Networks is a leading wholesale provider of telecommunications and technology services in Spain. It operates a massive fiber-optic and radio link network covering 90% of the Spanish territory, spanning over 32,000 kilometers. The company serves regional operators and enterprises with connectivity, voice, audiovisual content transport, and cloud services.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2021

2020

Similar deals in TMT (Tech, Media, Telecom)

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
10/2023	ZEGONA COMMUNICATIONS	VODAFONE SPAIN	SPAIN	Telecom	Zegona Communications, an investment platform founded by former Virgin Media executives specializing in European telecommunications, has finalized a definitive agreement to acquire 100% of Vodafone Spain from the British Vodafone Group
04/2023	4IG	ONE (EX VODAFONE HUNGARY)	HUNGARY	Telecom	4iG and the Hungarian State have finalized a definitive agreement to acquire 100% of Vodafone Hungary, executing a major, market-consolidating corporate buyout within the Central and Eastern European telecommunications sector
03/2022	APAX PARTNERS / WARBURG PINCUS	ODIDO	NETHERLANDS	Telecom	A tier-one private equity consortium composed of Apax Partners LLP and Warburg Pincus LLC has entered into a definitive agreement to acquire 100% of T-Mobile Netherlands Holding B.V. from Deutsche Telekom AG and Tele2 AB
03/2022	CAPZA	WIFIRST	FRANCE	Telecom	Capza acquired a majority stake in Wifirst following a competitive process led by Hottinguer CF. The historical investors from the 2019 spin-off (Amundi PEF, Bpifrance, Socadif) sold part of their shares but reinvested to keep a minority stake alongside the CEO
09/2021	ILIAD GROUP	UPC POLAND	POLAND	Telecom	The iliad Group, acting through its subsidiary Play, entered into an agreement to acquire 100% of the share capital of UPC Poland. This strategic move represents a major step in iliad's expansion within the Polish market following its initial entry through the acquisition of Play
07/2021	SIPAREX	ALCATRAZ IT	FRANCE	Telecom	Siparex Entrepreneurs has acquired a minority stake in Alcatraz IT, marking the first time the company has opened its capital to a private equity firm. The founder, Xavier Lafaure, remains the majority shareholder and continues to lead the company
03/2021	MASMOVIL	EUSKALTEL	SPAIN	Telecom	MasMovil has launched a tender offer to acquire 100% of Euskaltel for €11.17 per share in cash. This acquisition is part of MasMovil's growth strategy, which aims to expand its telecommunications services offer in Spain
02/2021	CABLE ONE	HARGRAY COMMUNICATIONS	UNITED STATES	Telecom	Cable One has entered into a definitive agreement to acquire the remaining 85% equity interests in Hargray Communications, a leading facilities-based regional communications provider. Prior to this transaction, Cable One held a 15% minority stake in the company following a system contribution in late 2020
11/2020	CINVEN / KKR / PROVIDENCE EQUITY PARTNERS	MASMOVIL	SPAIN	Telecom	A premier private equity consortium comprising Cinven, KKR, and Providence Equity Partners has successfully finalized the 99.3% public-to-private take-private acquisition of MASMOVIL. The investment thesis represents a classic large-scale infrastructure and telecom platform buyout, heavily focused on capturing localized market expansion and sector consolidation in Western Europe
11/2020	ORANGE	TELEKOM ROMANIA COMMUNICATIONS	ROMANIA	Telecom	Orange SA has announced a definitive agreement to acquire a 54% controlling equity stake in Telekom Romania Communications, executing a major cross-border corporate buyout within the Central and Eastern European digital infrastructure sector

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 100M - 200M EUR

EBITDA range: 25M - 50M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of AIRE NETWORKS by ARDIAN are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: aire networks

Acquirer: ardian