Interoute
Company Description
Interoute is a pan-European integrated network and enterprise services company that owns and operates an extensive fibre network and cloud services platform
Why we invested
Substantial consolidation opportunity in European fibre infrastructure underpinning revenue and margin growth potential
Favourable negotiation dynamics leading to attractive entry valuation
Downside protection through preferred equity instrument
Valuation upside potential through strategic sale
Successful and stable management team
Investment Date: 2015
Industry: Telecommunications
Revenue at entry: €425m
EBITDA growth:(1) 1.9x
Status: Exited in 2018(2)
