LDC backed an MBO of the internet service provider in 2012, and has seen its revenues grow by 98 per cent and EBITDA by 83 per cent in that time.
ISIS’ purchase is the fifth from its £360m Fund V, which it launched in 2012.
LDC director Jonathan Bell said, “Over the past two years, we have worked hard to support Metronet (UK)’s growth aspirations as it capitalises on rapidly developing networking technology and demand for connectivity.
“Our investment has provided tangible, transformative change which has helped to establish the business as a leader in the UK Internet service market.”
ISIS said that in the medium to long term Metronet was aiming to create the UK’s first ubiquitous wireless network infrastructure.
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