Epsilon Global Communications has been sold to KT Corporation and Daishin Private Equity

Epsilon is a global telecommunications provider that specializes in cloud connectivity. The company’s global network is focused on Europe, the Middle East and Africa and Asia-Pacific countries. Epsilon operates a best-in-class software-defined Network as a Service platform, Infiny, and offers fully managed connectivity services. The majority shareholder is the Kuok Group, based in Singapore.

KT is South Korea’s largest telecommunications services provider. The company is present in 21 locations in 15 countries with global network coverage, providing comprehensive services, including mobile, wired broadband, media content, data centers and cloud services. KT is publicly listed, on the New York Stock Exchange and Korean Stock Exchange, and generated annual revenue of $22 billion in 2020.

KT is currently executing a “digico” strategy to transform into an international digital platform company. Epsilon will provide KT with connectivity to the world’s leading communications and technology hubs and extend KT’s range of connectivity solutions to meet the changing demands of carriers, channel partners and enterprises. Epsilon will leverage KT’s global infrastructure and customer base to drive future growth.

Daishin Private Equity, a subsidiary of the South Korea-based Daishin Securities, has a large minority stake in the acquisition vehicle alongside majority shareholder KT.

Michel Robert, Chief Executive Officer of Epsilon, said, “Lincoln has done a fantastic job in guiding us through this process. We first engaged with the team in 2020 where they provided us with a strategic options review, and there has been ongoing dialogue since. As a result, we secured a great outcome for the shareholders and have secured an ideal new partner for the next stage in Epsilon’s exciting journey going forward.”

Chris Brooks, Lincoln’s UK head of the Technology, Media & Telecom Group, commented, “This has been a hugely rewarding transaction for the Lincoln team. The quality of the management team coupled with our strong execution skills and market knowledge meant we were able to secure an outstanding result for the shareholders. This is a landmark transaction in the international connectivity sector and is representative of how we serve our clients over the longer term. Additionally, this further cements our position as a leading adviser in the information technology (IT) and communications managed services space globally.”

Lincoln acted as the exclusive financial adviser to the shareholders of Epsilon. Working closely with the management team, Lincoln managed the complex execution of the cross-border transaction which included negotiation of terms and completion mechanics.

Kuok Group Stone Family Epsilon Global KT Corportation Daishin Private Equity 2021
  • 2021
    Close Year
  • Technology, Media & Telecom
    Industry
  • Private
    Client Type
  • Strategic | Cross-border
    Transaction Type
  • Singapore | South Korea | United Kingdom
    Countries
With the Epsilon management based in London, majority shareholders in Singapore and London and a future partner in Seoul, this was not an easy transaction, but Lincoln’s execution capabilities were second to none.
Michel Robert
Chief Executive Officer of Epsilon

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