TIG

Team Internet Group PLC

Technology First-pass screen £80m

440/1000 Overall fit

AI beneficiary 35% 30

Operating leverage 25% 65

Valuation 25% 35

Downside protection 15% 55

First-pass take

Legacy domain registry/registrar business with zero AI exposure. Strong recurring revenues (92%) and customer stickiness, but weighed down by high leverage (4.2x net debt/EBITDA), negative GAAP earnings, and acquisition-dependent growth (61% organic, 95% including M&A) without demonstrated margin expansion.

Flags

no-ai-exposurehigh-leverageacquisition-dependentloss-makingmature-businessno-valuation-datadebt-maturity-risk