At what enterprise value was MANX TELECOM acquired in 2010?

During the acquisition of MANX TELECOM by HG CAPITAL in 2010, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 100M - 350M GBP. 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 14.8x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of MANX TELECOM when it was acquired by HG CAPITAL?

The estimated EV/EBITDA multiple for MANX TELECOM is in the range of 5x - 12x. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.8x. Join our community for free to access full valuation data and industry trends.

When was MANX TELECOM acquired by HG CAPITAL?

MANX TELECOM was acquired by HG CAPITAL in 2010.

What was the revenue of MANX TELECOM at the time of the deal?

The revenue of MANX TELECOM at the time of the deal is estimated to be in the range of 50M - 100M GBP. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of MANX TELECOM during the acquisition?

MANX TELECOM's EBITDA is estimated to be in the range of 10M - 30M GBP. 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 MANX TELECOM 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 MANX TELECOM 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.hgcapitaltrust.com/news-insights/news/archive/06042010

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Home Database TMT (Tech, Media, Telecom)MANX TELECOM

06/2010

HG CAPITAL takes majority stake in MANX TELECOM

UNITED KINGDOM Telecom / Operators EV 100M - 350M GBP

Context

European sector-focused private equity firm HgCapital has successfully agreed to acquire a majority equity stake in Manx Telecom, previously a wholly owned subsidiary of Telefónica. The buyout was executed alongside CPS Partners, a specialist international telecommunications management company. Subject to customary local regulatory clearances, the transaction includes a capital commitment of approximately £11 million from the listed vehicle HgCapital Trust plc, representing 15% of the sponsor's total equity ticket. The buyout perfectly aligns with HgCapital’s core thesis of backing highly resilient, growth-oriented platforms. The Isle of Man offers a robust macroeconomic backdrop (boasting 25 years of unbroken GDP growth) and a highly favorable regulatory environment that encourages sustained infrastructure investment. Partnering closely with the management team, the financial sponsor intends to drive significant value creation by upgrading the core network and funding a new state-of-the-art data hosting center. Furthermore, HgCapital will focus on operational margin improvements and actively support a targeted buy-and-build strategy to accelerate the expansion of high-margin off-island opportunities.

MANX TELECOM, which reported an EBITDA margin of LOGIN in 2009, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level LOGIN than the average currently observed in the TMT (Tech, Media, Telecom) sector (14.8x).

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

Manx Telecom is the undisputed incumbent fixed and mobile telecom operator on the Isle of Man. Operating as a former monopoly, the business provides mission-critical telecommunication and data services to a broad base of commercial and consumer clients. Renowned for its technological leadership, Manx Telecom was the first European operator to launch a live 3G network and the continent's first commercial HSDPA service. Supported by a skilled workforce of 300 professionals, the platform boasts highly resilient core operations while successfully scaling rapidly growing, high-margin niche off-island voice and data hosting divisions.

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Other operations with MANX TELECOM

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
10/2025	JT GROUP / CVC	MANX TELECOM	UNITED KINGDOM	Telecom	Telecom operator JT Group (Jersey Telecom), a strategic national asset wholly owned by the States of Jersey, has partnered with private markets investor CVC DIF (the dedicated infrastructure strategy of CVC) to complete the acquisition of Manx Telecom Group
03/2019	BASALT INFRASTRUCTURE PARTNERS	MANX TELECOM	UNITED KINGDOM	Telecom	Infrastructure fund manager Basalt Infrastructure Partners, acting through its newly incorporated acquisition vehicle Kelion Bidco Limited, has reached a definitive agreement to acquire the entire issued and to be issued share capital of Manx Telecom plc
02/2014	PUBLIC MARKETS (IPO)	MANX TELECOM	UNITED KINGDOM	Telecom	Private equity firm HgCapital, in close coordination with joint venture partner CPS Partners, has successfully executed the full exit of its investment in Manx Telecom through an initial public offering (IPO)

REFERENCES

Valuation range: EV 100M - 350M GBP

Revenue range: 50M - 100M GBP

EBITDA range: 10M - 30M GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of MANX TELECOM by HG CAPITAL 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).

Target: manx telecom

Acquirer: hg capital