At what enterprise value was AIRE NETWORKS acquired in 2022?

During the acquisition of AIRE NETWORKS by ARDIAN in 2022, the transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b EUR.

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.

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.

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.

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

What is the average EV/EBITDA multiple for the TMT (Tech, Media, Telecom) sector in 2026?

The average EV/EBITDA multiple for the TMT (Tech, Media, Telecom) sector in 2026 is 15.1x.

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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 in 2021, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the TMT (Tech, Media, Telecom) sector (15.1x).

-> 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

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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: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: aire networks

Acquirer: ardian