IT & Telecoms

Deal Type

Initial Investment
July 2016


Private Equity
Growth Capital | VCTs


In December 2018 Maven Investor Partners exited from Indigo Belcom generating a 4.2x return in just two years since it first invested. Indigo designs, installs and maintains telecom networks across the UK and Europe, enabling customers such as Vodafone, Sky and BT to deliver fixed line, broadband, mobile and other data services to a wide variety of corporate, enterprise and consumer end users.

Maven supported the business with the strategic acquisition of Belcom247 in September 2017, together forming the enlarged Indigo-Belcom Group. Following the successful acquisition, revenues increased from £12 million to a forecast of over £30 million in the year the exit completed, with underlying profits increasing from £1.3 million to over £4 million.


The business has grown tremendously in the last two years following the MBO. As well as the acquisition and integration of Belcom247, the Group has grown organically at an exceptional rate, expanded into new state of the art facilities, and doubled headcount. It’s been an exciting period and we have welcomed the support and financial backing Maven during this time.

Stephen Thompson, CEO at Indigo

Meet the lead executive(s)

Andrew Ferguson
Andrew Ferguson


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