M&A advisory for digital infrastructure companies

Digital infrastructure M&A is now two distinct deal markets running side by side. Edge cloud, CDN, network security and infrastructure SaaS trade as software businesses on ARR multiples, with diligence centred on retention, gross margin and consumption growth. Data centres, fibre, towers and connectivity assets trade as infrastructure - long-duration contracted cash flow, capex intensity, power and land - and price off a completely different framework with completely different buyers.

The buyer universe reflects the split. Cloud, edge and security software gets bought by Cisco, Akamai, Cloudflare, Fortinet, Palo Alto Networks and the cyber / infra-focused PE platforms (Thoma Bravo, Permira, Vista, Hg). Physical infrastructure - data centres, fibre, towers - gets bought by infrastructure capital (Brookfield, KKR Infrastructure, Macquarie, Stonepeak, GIP, EQT Infrastructure) and the hyperscalers building their own footprint. The diligence playbooks barely overlap.

Flow covers both sides of the stack - and runs M&A processes that price the asset against the right buyer pool and the right valuation framework.

MAILINGWORK
TestSolutions
Rebellion Pay
HAPPYCAR
Resillion
Pure
Digital Asset Management Software Provider
Boryszew
Element
MAILINGWORK
TestSolutions
Rebellion Pay
HAPPYCAR
Resillion
Pure
Digital Asset Management Software Provider
Boryszew
Element
MAILINGWORK
TestSolutions
Rebellion Pay
HAPPYCAR
Resillion
Pure
Digital Asset Management Software Provider
Boryszew
Element

M&A goes smoother with an advisor that understands digital infrastructure

Choose the right M&A advisor who confidently takes you through the (very stressful!) company sale process.

Two deal markets, one team

Infra SaaS is priced on ARR multiples; physical infra is priced on contracted cash flow yield. We run both kinds of process - and more importantly, we know which framework attracts the higher value for a hybrid business, instead of forcing it into a single framing that leaves money on the table.

Infrastructure capital access

Data centre and connectivity exits run through a specialist buyer set - Brookfield, KKR Infrastructure, Macquarie, Stonepeak, GIP, EQT Infrastructure - and increasingly the hyperscalers buying for their own footprint. We have direct lines into the infrastructure investment teams, who run a completely different process than tech M&A.

Cyber and edge consolidators

Network security, CDN and edge cloud exits run through Cisco, Akamai, Cloudflare, Fortinet, Palo Alto Networks and the cyber-focused PE bench (Thoma Bravo, Vista, Permira, Hg). We know who is actively transacting at your scale and segment, and reach the right corporate development teams directly.

Power, land and contract diligence

Data centre deals live or die on power availability, grid connection, land rights and customer contract duration. We pre-empt the technical and legal workstreams - power purchase agreements, customer SLAs, capacity commitments - so the IRR a buyer underwrites matches the IRR the asset can actually deliver.

Recent M&A deals we closed

We've closed sell-side and buy-side transactions across European, US and emerging-market tech.

Our M&A track record spans strategic exits to corporate acquirers, PE buyouts, and cross-border deals where regulatory and structuring complexity actually matters.

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We acted as exclusive sell-side advisor to MAILINGWORK, a Chemnitz-based email marketing software platform, on its sale to French digital marketing leader Positive Group.

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Recent M&A advisory digital infrastructure track record

Selected M&A transactions and prior deal experience.

Bumble logo

M&A

Bumble logo

$3bn acquisition by Blackstone. Family of online dating brands (Badoo, Bumble, Chappy, Lumen).

10bis logo

M&A

10bis logo

€135m acquisition by Takeaway. Leading B2B online food delivery platform in Israel.

PromoFarma logo

M&A

PromoFarma logo

€80m acquisition by Zur Rose. Online e-commerce platform for pharmacy, beauty and wellness.

Bright Data logo

M&A

Bright Data logo

$200m acquisition by EMK. World's largest data collection and transformation platform.

Aroundhome logo

M&A

Aroundhome logo

Acquisition by ProSiebenSat.1 / General Atlantic. Online marketplace for household products and services.

Parship Elite Group logo

M&A

Parship Elite Group logo

€300m acquisition by Oakley Capital. Leading European online matchmaking platform.

Drushim logo

M&A

Drushim logo

Acquisition by Axel Springer. Leading Israeli online classifieds platform (jobs vertical).

Fotolia logo

M&A

Fotolia logo

$800m acquisition by Adobe. Marketplace for royalty-free images, graphics and HD videos.

Trovit logo

M&A

Trovit logo

€80m acquisition by Lifull. Spanish vertical search engine for real estate, cars and jobs.

Facile.it logo

M&A

Facile.it logo

Acquisition by Oakley Capital. Italy's largest online car insurance, gas and electricity brokerage.

mytaxi logo

Strategic Advisory

mytaxi logo

Strategic advisory. Cashless mobile taxi app connecting passengers to nearby taxis.

ASKfm logo

M&A

ASKfm logo

Acquisition by IAC. Digital social media platform for Q&A.

Yad2 logo

M&A

Yad2 logo

$228m acquisition by Axel Springer. Israel's leading classifieds and advertising portal.

Grupfoni logo

M&A

Grupfoni logo

Acquisition by Quant. Turkish membership-based daily deals site.

C More logo

M&A

C More logo

€320m acquisition by Bonnier. Pay television company across the Nordic region.

Sky Deutschland logo

Minority Acquisition

Sky Deutschland logo

€290m minority acquisition by News Corp. German direct broadcast satellite Pay TV (DACH).

SBS logo

M&A

SBS logo

€3.2bn acquisition by ProSiebenSat.1. European media group (TV, radio, print).

ProSiebenSat.1 logo

M&A

ProSiebenSat.1 logo

€3.1bn acquisition by KKR and Permira. German mass media and digital company.

M&A advisory for all digital infrastructure niches

From cloud infrastructure to network management, we're a specialized M&A advisor to digital infrastructure companies.

Our M&A experience spans across all digital infrastructure verticals.

SoftwareAI & MLFintechConsumer internetDigital mediaE-commerce & marketplacesConsumer productsMobilityDigital healthIndustrial technologyIT services

Recent digital infrastructure insights

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