» ISP News » 
Sponsored Links

CVC Capital Partners Looks to Buy UK Street Works Firm M Group

Tuesday, Jun 25th, 2024 (1:44 pm) - Score 840
avonline networks virgin media

Infrastructure firm M Group Services, which among other things also caters for the UK and Ireland via its various broadband and mobile focused civil engineering brands (Avonline Networks, magdalene, Morrison and waldon), is reportedly in “advanced talks” with private equity giant CVC Capital Partners over a possible £1.5bn acquisition deal.

M Group’s Telecom Division typically provides a full end-to-end service offering to fixed, private and mobile operators that covers everything from the design, build and maintenance of the telecom infrastructure for key clients like Openreach, Virgin Media, Three UK, Gigaclear, CTIL, Hyperoptic, MBNL and more. But the group also extends into water, energy and transport.

NOTE: M Group’s website states that the company employs 11,000 people, has a turnover of over £2bn and works in 216 UK locations.

However, a recent report on Sky News claims that Luxembourg-based CVC, which floated on the Euronext Amsterdam Stock Exchange during May 2024, is now the final remaining bidder for M Group after seeing off rival interest from Apollo Global Management and others. A deal is expected to be signed sometime this summer.


Such an agreement would also need the blessing of private equity firm PAI Partners, which since 2018 has been the majority owner of M Group (Citi are said to be advising PAI on the process). The deal, if approved, could give M Group an important boost and help them to expand, although they don’t appear to be short of orders.

According to M Group’s last investor update in November 2023, the company’s order book and bid pipeline were continuing to grow. On 30th September 2023, the order book was £6.7 billion (vs £5.4 billion last year) with a further £400m awaiting signature. This provided visibility for 94% of their FY24 budget revenues (up from 86% a year ago).

Share with Twitter
Share with Linkedin
Share with Facebook
Share with Reddit
Share with Pinterest
By Mark Jackson
Mark is a professional technology writer, IT consultant and computer engineer from Dorset (England), he also founded ISPreview in 1999 and enjoys analysing the latest telecoms and broadband developments. Find me on X (Twitter), Mastodon, Facebook and .
Search ISP News
Search ISP Listings
Search ISP Reviews

Leave a Reply

Your email address will not be published. Required fields are marked *

Comment moderation is enabled. Your comment may take some time to appear.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NOTE: Your comment may not appear instantly (it may take several hours) due to static caching or random moderation checks by the anti-spam system.
Javascript must be enabled to post (most browsers do this automatically)

Privacy Notice: Please note that news comments are anonymous, which means that we do NOT require you to enter any real personal details to post a message. By clicking to submit a post you agree to storing your comment content, display name, IP, email and / or website details in our database, for as long as the post remains live.

Only the submitted name and comment will be displayed in public, while the rest will be kept private (we will never share this outside of ISPreview, regardless of whether the data is real or fake). This comment system uses submitted IP, email and website address data to spot abuse and spammers. All data is transferred via an encrypted (https secure) session.

NOTE 1: Sometimes your comment might not appear immediately due to site cache (this is cleared every few hours) or it may be caught by automated moderation / anti-spam.

NOTE 2: Comments that break our rules, spam, troll or post via known fake IP/proxy servers may be blocked or removed.
Cheap BIG ISPs for 100Mbps+
Community Fibre UK ISP Logo
Gift: None
NOW £25.00
Gift: None
Virgin Media UK ISP Logo
Virgin Media £26.00
Gift: None
Vodafone UK ISP Logo
Vodafone £26.50 - 27.00
Gift: None
Plusnet UK ISP Logo
Plusnet £27.99
Gift: None
Large Availability | View All
Cheapest ISPs for 100Mbps+
Gigaclear UK ISP Logo
Gigaclear £17.00
Gift: None
BeFibre UK ISP Logo
BeFibre £19.00
Gift: None
Community Fibre UK ISP Logo
Gift: None
YouFibre UK ISP Logo
YouFibre £22.99
Gift: None
Hey! Broadband UK ISP Logo
Gift: None
Large Availability | View All
The Top 15 Category Tags
  1. FTTP (5712)
  2. BT (3565)
  3. Politics (2598)
  4. Openreach (2341)
  5. Business (2322)
  6. Building Digital UK (2275)
  7. FTTC (2060)
  8. Mobile Broadband (2038)
  9. Statistics (1829)
  10. 4G (1723)
  11. Virgin Media (1673)
  12. Ofcom Regulation (1491)
  13. Fibre Optic (1424)
  14. Wireless Internet (1417)
  15. FTTH (1383)

Copyright © 1999 to Present - ISPreview.co.uk - All Rights Reserved - Terms , Privacy and Cookie Policy , Links , Website Rules , Contact