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Iliad acquires majority stake in Jaguar Network for nearly EUR 100 million

2019-01-21 09:45:00| Telecompaper Headlines

(Telecompaper) Iliad announced that it has acquired a 75 percent stake in French data centre and cloud services operator Jaguar Network. Private equity firm Naxicap sold its interest to Iliad as part of a deal facilitated by Jaguar Network's founder, Kevin Polizzi, who retains the remaining 25 percent stake and will stay at the company as CEO. Iliad said that it purchased the majority stake based on a multiple of 10.6x EBITDA, representing an investment of just under EUR 100 million.

Tags: network eur million majority

Category:Telecommunications

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