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.

See full EOLO profile

EOLO acquisition price

$1.4B

Acquired by Partners Group · Jul 2021

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

EOLO Overview

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

ItalyBusto Arsizio

Website

eolo.it

Status

Acquired

Customer focus

B2C & B2B

Revenue model

Subscription

Revenue

$179M (Jul 2021)

Valuation

$1.4B (acquired Jul 2021)

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.

EOLO acquisition details
AcquirerDateTypePriceEV/RevenueEV/EBITDA
17 Jul 2021PE buyout$1.4B7.8x16.5x

EOLO Funding History

EOLO has raised 1 funding round.

EOLO funding rounds
DateStageInvestorsDeal Summary
Jan 2018Strategic investmentSearchlight 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

Investors in EOLO by funding rounds participated
InvestorHQRoundsRoleFirst check

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EOLO 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).

Public and private companies comparable to EOLO
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Gamma CommunicationsUnited KingdomUnited KingdomPublicly listed$867M$176M$1.3B1.6x
Beijing Gehua CATVChinaChinaPublicly listed$331M$76M$1.4B1.5x
Telia LietuvaLithuaniaLithuaniaPublicly listed$584M$225M$1.5B-
Guizhou Broadcasting & TVChinaChinaPublicly listed$189M($67M)$1.3B-
AiraloSingaporeSingaporePrivate$59M-$1B16.9x
Telenor (IoT unit)SwedenSwedenPrivate$140M$45M$810M5.8x
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Gamma Communications$867M$176M1.6x1.6x7.8x7.2x
Beijing Gehua CATV$331M$76M1.4x1.5x6.2x6.5x
Telia Lietuva$584M$225M2.7x-7.1x-
Guizhou Broadcasting & TV$189M($67M)12.4x-(35.1x)-
StarHub$1.8B$309M1.3x1.4x7.8x8.7x
Jishi Media$296M$75M6.7x-26.6x-
Merit Interactive$77M$5M16.0x-231.1x-
Vtech$2B$226M0.7x0.7x6.4x6.7x

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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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