Indigo Telecom Group has been acquired by Growth Capital Partners LLP

Maven Capital Partners and YFM Equity Partners have sold Indigo Telecom Group (Indigo) to Growth Capital Partners LLP (GCP).

Indigo is a leading provider of multi-vendor managed and project services to international telecom network operators, equipment vendors and multi-national corporations. Indigo designs, installs and maintains telecom networks across the globe, enabling its clients to deliver fixed line, broadband, mobile and other data services to a wide variety of corporate, enterprise and consumer end users.

Stephen Thompson, CEO of Indigo Telecom Group, said: “I am delighted that GCP has become a major investor in our business and we look forward to working in partnership with them in order to help Indigo continue to develop and grow. GCP has an excellent reputation for supporting UK SME businesses with their international growth plans, and we welcome their support, experience and enthusiasm. It was clear from our early meetings with the GCP team that they fully understood and were supportive of our ambitious plans for growth including a number of future strategic acquisitions to complement and expand our global services portfolio.”

GCP is an established independent, thoughtful and supportive investor focused on partnering with entrepreneurs to help grow their businesses. The firm focuses on growing UK SMEs with a track record of profit and cash generation.

Richard Shaw, Partner at GCP, said: “Indigo has a long track record of exceptional delivery and differentiation through its commitment to flexible customer service, breadth of service offering and its wide geographic footprint. This enables the group to provide critical infrastructure support to an impressive roster of international network operators and technology enterprises, who rely on their high-quality managed services capabilities. We are delighted to be partnering with the Indigo team and look forward to supporting the next phase of accelerated growth.”

The transaction provides a full exit for Maven Capital Partners and YFM Equity Partners, who originally invested in 2016, and partners the business with an investor that can accelerate management’s growth plans and buy-and-build strategy.

Oaklins Cavendish, based in the UK, advised the shareholders of Indigo on the sale of the business.