- Companies
- ACT (Atria Convergence Technologies Pvt. Ltd.)
ACT (Atria Convergence Technologies Pvt. Ltd.) Acquisition, Valuation, Funding & Investors
ACT (Atria Convergence Technologies Pvt. Ltd.) was acquired by Partners Group for $1.2B in August 2021.
ACT (Atria Convergence Technologies Pvt. Ltd.) acquisition price
$1.2B
Acquired by Partners Group · Aug 2021
Cumulative funding ACT (Atria Convergence Technologies Pvt. Ltd.) raised
$5M
across 1 funding round
Key investors in ACT (Atria Convergence Technologies Pvt. Ltd.)
TA Associates
True North
About ACT (Atria Convergence Technologies Pvt. Ltd.)
ACT (Atria Convergence Technologies Pvt. Ltd.) is a triple-play service provider delivering Fibernet broadband, digital TV, analog TV, and IPTV to over 1 million subscribers in Karnataka, Andhra Pradesh, and Tamil Nadu. Bangalore-headquartered, ACT operates high-speed fiber networks supporting up to 1 Gbps internet and 200+ TV channels.
Founded
2008
HQ
Website
Status
Acquired
Customer focus
B2C
Revenue model
Subscription
Valuation
$1.2B (acquired Aug 2021)
Sectors
ACT (Atria Convergence Technologies Pvt. Ltd.) Acquisition
ACT (Atria Convergence Technologies Pvt. Ltd.) was acquired by Partners Group for $1.2B on 13 August 2021.
Before the acquisition ACT (Atria Convergence Technologies Pvt. Ltd.) had raised $5M across 1 funding round.
ACT (Atria Convergence Technologies) is India's fourth-largest wired broadband service provider, headquartered in Bengaluru with over 7,000 employees. The company provides internet, TV, data, and broadband services to approximately 2 million subscribers across 19 cities in India, with optical fiber network capability delivering speeds up to 1 Gbps. The company had experienced consistent growth, with revenues expanding at a CAGR of 40% since 2008. Partners Group, which had been a joint investor in ACT since 2016 alongside True North (Argan) and TA Associates, announced in August 2021 that it would acquire approximately 75-76% of the company from existing investors for $900 million, valuing ACT at an enterprise value of $1.2 billion. The deal would have seen True North's investment arm Argan exit entirely while TA Associates retained a minority stake of approximately 20%, with management holding the remainder. However, Partners Group withdrew from the acquisition in October 2022 before the transaction could close, despite regulatory approvals being a stated condition.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 13 Aug 2021 | PE buyout | $1.2B |
ACT (Atria Convergence Technologies Pvt. Ltd.) Funding History
ACT (Atria Convergence Technologies Pvt. Ltd.) has raised a total of $5M across 1 funding round.
ACT (Atria Convergence Technologies Pvt. Ltd.) funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jan 2017 | Series A | True North; TA Associates | $5M | ACT (Atria Convergence Technologies Pvt. Ltd.) is a Bengaluru-based provider of high-speed wired broadband, internet, TV, and data services, operating in multiple cities in India with optic fiber technology. True North initially invested in ACT in 2008 and divested part of its stake to TA Associates in July 2015 (around 20%), followed by a transaction in March 2016 where a consortium led by True North's Indium V and TA Associates acquired a majority interest from True North Fund III. TA Associates lists 2016 as its investment year in ACT, which was one of India's leading wired broadband providers serving over 2 million customers across 18-19 cities. |
Who has invested in ACT (Atria Convergence Technologies Pvt. Ltd.)?
2 investors have backed ACT (Atria Convergence Technologies Pvt. Ltd.) across its funding rounds, including TA Associates and True North.
ACT (Atria Convergence Technologies Pvt. Ltd.) Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Start Free TrialACT (Atria Convergence Technologies Pvt. Ltd.) Competitors
ACT (Atria Convergence Technologies Pvt. Ltd.) competitors include listed companies like Guangdong South New Media, Jefferson Capital, Televisa and Digi Communications, and private ones like Airalo and Telenor (IoT unit).
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $242M | $108M | $1.2B | 3.6x | ||
| Publicly listed | $613M | $224M | $1.2B | 3.8x | ||
| Publicly listed | $3.4B | $1.2B | $1.2B | 1.3x | ||
| Publicly listed | $2.6B | $772M | $1.2B | 1.5x | ||
| Private | $59M | - | $1B | 16.9x | ||
| Private | $140M | $45M | $810M | 5.8x |
ACT (Atria Convergence Technologies Pvt. Ltd.) Public Comps
ACT (Atria Convergence Technologies Pvt. Ltd.) is no longer listed, but its public comps include Guangdong South New Media, Jefferson Capital, Televisa, Digi Communications, Pakistan Telecom, Telekom Slovenije, Entel, CITIC Telecom International, Merit Interactive and Jishi Media.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $242M | $108M | 3.6x | 3.6x | 8.0x | 7.7x | |||
| $613M | $224M | 4.2x | 3.8x | 11.4x | 7.2x | |||
| $3.4B | $1.2B | 1.3x | 1.3x | 3.6x | 3.5x | |||
| $2.6B | $772M | 1.6x | 1.5x | 5.4x | 4.5x | |||
| $906M | $268M | 2.6x | - | 8.9x | - | |||
| $853M | $293M | 1.8x | - | 5.3x | - | |||
| $3.1B | $719M | 1.1x | 1.0x | 4.7x | 3.6x | |||
| $1.2B | $245M | 1.1x | 1.1x | 5.5x | 5.4x | |||
This data is available for Pro users. Sign up to see all ACT (Atria Convergence Technologies Pvt. Ltd.) competitors and their valuation data. Start Free Trial | ||||||||
Common questions about ACT (Atria Convergence Technologies Pvt. Ltd.)
| When was ACT (Atria Convergence Technologies Pvt. Ltd.) founded? | ACT (Atria Convergence Technologies Pvt. Ltd.) was founded in 2008. |
| Where is ACT (Atria Convergence Technologies Pvt. Ltd.) headquartered? | ACT (Atria Convergence Technologies Pvt. Ltd.) is headquartered in Bangalore, India. |
| Is ACT (Atria Convergence Technologies Pvt. Ltd.) publicly listed? | No, ACT (Atria Convergence Technologies Pvt. Ltd.) was acquired by Partners Group in August 2021. |
| Who acquired ACT (Atria Convergence Technologies Pvt. Ltd.)? | ACT (Atria Convergence Technologies Pvt. Ltd.) was acquired by Partners Group in August 2021. |
| How much was ACT (Atria Convergence Technologies Pvt. Ltd.) acquired for? | ACT (Atria Convergence Technologies Pvt. Ltd.) was acquired for $1.2B in August 2021. |
| How much funding has ACT (Atria Convergence Technologies Pvt. Ltd.) raised? | ACT (Atria Convergence Technologies Pvt. Ltd.) has raised $5M across 1 funding round. |
| What was ACT (Atria Convergence Technologies Pvt. Ltd.)'s last funding round? | ACT (Atria Convergence Technologies Pvt. Ltd.)'s last funding round was a $5M Series A in January 2017. |
| Who are ACT (Atria Convergence Technologies Pvt. Ltd.)'s investors? | ACT (Atria Convergence Technologies Pvt. Ltd.)'s investors include True North and TA Associates. |
| Which companies are comparable to ACT (Atria Convergence Technologies Pvt. Ltd.)? | Companies comparable to ACT (Atria Convergence Technologies Pvt. Ltd.) include Guangdong South New Media, Jefferson Capital, Televisa, Digi Communications, Airalo and Telenor (IoT unit). |
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