- Companies
- EOLO
EOLO Acquisition, Valuation, Funding & Investors
EOLO was acquired by Partners Group for $1.4B in July 2021, a 7.8x multiple on $179M of revenue.
EOLO revenue at acquisition
$179M
Last twelve months · Jul 2021
EOLO revenue multiple at acquisition
7.8x
EV/Revenue · Jul 2021
EOLO EBITDA multiple at acquisition
16.5x
EV/EBITDA · Jul 2021
About EOLO
EOLO is a Milan-based telecommunications operator leading ultra-broadband services for residential and business customers in Italy. Formerly NGI SpA, it deploys fixed wireless access networks covering rural and underserved areas.
Founded
1998
HQ
Website
Status
Acquired
Customer focus
B2C & B2B
Revenue model
Subscription
Revenue
$179M (Jul 2021)
Valuation
$1.4B (acquired Jul 2021)
Sectors
EOLO Acquisition
EOLO was acquired by Partners Group for $1.4B on 17 July 2021.
The acquisition price implies a 7.8x revenue and 16.5x EBITDA multiple on $179M of revenue.
| Acquirer | Date | Type | Price | EV/Revenue | EV/EBITDA |
|---|---|---|---|---|---|
| 17 Jul 2021 | PE buyout | $1.4B | 7.8x | 16.5x |
EOLO Funding History
EOLO has raised 1 funding round.
| Date | Stage | Investors | Deal Summary |
|---|---|---|---|
| Jan 2018 | Strategic investment | Searchlight Capital Partners (lead) | Searchlight Capital Partners acquired a 49% stake in the Italian fixed wireless broadband provider EOLO in January 2018, with founder Luca Spada and the Elmec group retaining the remaining 51% and Spada continuing as chief executive. Terms were not disclosed. Searchlight's capital was earmarked for EOLO's 2018-2020 plan, under which the company intended to invest around EUR 300 million to build out ultra-broadband fixed wireless infrastructure capable of 100 Mbps. Spada said EOLO's business model had attracted several investors and that the company chose Searchlight for its telecommunications expertise, while Searchlight co-founder Oliver Haarmann said the firm was excited to help close the digital divide in Italy. EOLO served roughly 300,000 customers across thirteen Italian regions at the time, with coverage of more than 10 million households, and had grown revenue and EBITDA by over 30% a year since 2014. The transaction was advised by KPMG, Chiomenti and Kirkland & Ellis, with debt financing from Monte dei Paschi di Siena and UniCredit. |
Who has invested in EOLO?
1 investor has backed EOLO across its funding rounds, including Searchlight Capital Partners.
Lead investors include Searchlight Capital Partners.
EOLO Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 EOLO investors. Start Free Trial | ||||
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Start Free TrialEOLO Competitors
EOLO competitors include listed companies like Gamma Communications, Beijing Gehua CATV, Telia Lietuva and Guizhou Broadcasting & TV, and private ones like Airalo and Telenor (IoT unit).
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $867M | $176M | $1.3B | 1.6x | ||
| Publicly listed | $331M | $76M | $1.4B | 1.5x | ||
| Publicly listed | $584M | $225M | $1.5B | - | ||
| Publicly listed | $189M | ($67M) | $1.3B | - | ||
| Private | $59M | - | $1B | 16.9x | ||
| Private | $140M | $45M | $810M | 5.8x |
EOLO Public Comps
EOLO is no longer listed, but its public comps include Gamma Communications, Beijing Gehua CATV, Telia Lietuva, Guizhou Broadcasting & TV, StarHub, Jishi Media, Merit Interactive, Vtech, CITIC Guoan Information and Guangdong South New Media.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $867M | $176M | 1.6x | 1.6x | 7.8x | 7.2x | |||
| $331M | $76M | 1.4x | 1.5x | 6.2x | 6.5x | |||
| $584M | $225M | 2.7x | - | 7.1x | - | |||
| $189M | ($67M) | 12.4x | - | (35.1x) | - | |||
| $1.8B | $309M | 1.3x | 1.4x | 7.8x | 8.7x | |||
| $296M | $75M | 6.7x | - | 26.6x | - | |||
| $77M | $5M | 16.0x | - | 231.1x | - | |||
| $2B | $226M | 0.7x | 0.7x | 6.4x | 6.7x | |||
This data is available for Pro users. Sign up to see all EOLO competitors and their valuation data. Start Free Trial | ||||||||
Common questions about EOLO
| When was EOLO founded? | EOLO was founded in 1998. |
| Where is EOLO headquartered? | EOLO is headquartered in Busto Arsizio, Italy. |
| Is EOLO publicly listed? | No, EOLO was acquired by Partners Group in July 2021. |
| Who acquired EOLO? | EOLO was acquired by Partners Group in July 2021. |
| How much was EOLO acquired for? | EOLO was acquired for $1.4B in July 2021, a 7.8x revenue multiple. |
| What was EOLO's last funding round? | EOLO's last funding round was a strategic investment round in January 2018, led by Searchlight Capital Partners. |
| Who are EOLO's investors? | EOLO's investors include Searchlight Capital Partners. |
| Which companies are comparable to EOLO? | Companies comparable to EOLO include Gamma Communications, Beijing Gehua CATV, Telia Lietuva, Guizhou Broadcasting & TV, Airalo and Telenor (IoT unit). |
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