Epiris to buy UK's Gamma Communications for £1B

What's the deal? Private equity firm EpirisDealroom has a profile for this one. Try Dealroom → has agreed to acquire UK communications provider Gamma CommunicationsDealroom has a profile for this one. Try Dealroom → for an equity value of about £1 billion ($1.4 billion). The offer takes Gamma, a listed telecoms and technology services company, into private ownership.

What's the endgame? The acquisition hands Epiris control of a business serving the UK business communications market. Private ownership can give companies room to invest and restructure away from public market scrutiny.

The signal: The deal reflects continued private equity appetite for UK-listed companies, where firms see value in taking public businesses private.

Read more: Bloomberg

Image credit: Cory M. Grenier