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Liberum acts as adviser to Manx Telecom plc on its £256m public takeover by Basalt Infrastructure Partners

10 May 2019 | Adviser

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Liberum acts as adviser to Manx Telecom plc on its £256m public takeover by Basalt Infrastructure Partners

Liberum is pleased to announce its role as Financial Adviser, Corporate Broker and Nominated Adviser to Manx Telecom plc in connection with its public takeover by Basalt Infrastructure Partners.

The recommended cash offer of 215p per share valued Manx Telecom at approximately £256m, representing a premium of 31% to the three month VWAP.

BIP are an infrastructure focussed private equity firm which target mid-market investments in companies operating essential infrastructure in Western Europe and North America.

The transaction concludes a successful 5 year journey as a public company. Liberum lead Manx Telecom’s IPO in February 2014 and has acted as its Nominated Adviser and Corporate Broker since.

Liberum Team

Investment Banking – Steve Pearce, Joshua Hughes, Euan Brown, Kane Collings

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