TalkTalk
Deal Type
Public to private
Initial Investment
December 2020
Sector
Services
Fund
Private Equity
Status
Current
Talk Talk is a leading telecom provider offering businesses and consumers TV, mobile, broadband, fibre and fixed line voice services. TalkTalk is the fourth largest UK provider of data and connectivity solutions to approximately 4.2 million consumers and is recognised as a critical national infrastructure provider and top ranked by Ofcom for network performance.
In December 2020 Maven participated in a syndicated private equity funding package led by Penta Capital LLP which completed the public to private acquisition of TalkTalk Telecom Group plc for £1.1 billion.
We were delighted to have been able to offer Maven clients the opportunity to participate in a unique, off market opportunity, investing alongside Penta with whom we have had multiple previous successes with over the last ten years. There are strong macro drivers supporting management’s growth strategy, including the £30 billion UK Government plan to bring levels of fibre penetration from 12% to 90% and in line with other European countries. The highly rated management team has a proven track record in the UK telecommunications sector and we are confident in their ability to drive operational efficiencies and revenue growth.
Ewan McKinnon, Partner at Maven