EQT to sell offshore communication infrastructure provider Tampnet

eqt

  • EQT Infrastructure to sell offshore communication infrastructure provider Tampnet, owner and operator of the world’s largest offshore fiber-backed communication infrastructure network, to 3i Infrastructure plc and ATP
  • During EQT ownership, Tampnet has grown significantly with revenues and EBITDA increasing more than threefold, the number of employees increasing twentyfold, while at the same time successfully closing and integrating strategic acquisitions and investing in offshore communication infrastructure within existing and new offshore regions
  • Network infrastructure expansion achieved with more than 1,700km of fiber and over 60 4G/LTE base stations added to the network across multiple countries and offshore regions, delivering high capacity services and enabling digitization of the oil&gas and offshore industries

The EQT Infrastructure I and EQT Infrastructure II funds (together “EQT Infrastructure”) have entered into a definitive agreement to sell Tampnet AS (“Tampnet”) to 3i Infrastructure plc, a listed long-term investor in infrastructure businesses and assets, and ATP, Denmark’s largest pension provider.

Tampnet was acquired by EQT Infrastructure in November 2012 and is the only independent owner, operator and provider of high capacity, low latency offshore communication infrastructure. The strategy has revolved around investing to drive development of the offshore fiber-backed communication infrastructure network and roll-out new low latency wireless communication (4G/LTE) to enable digitization and remote operations of the oil and gas industry and expand Tampnet’s business model geographically.

Per Helge Svensson, CEO of Tampnet, comments: “Together with EQT, Tampnet has been able to invest significantly to build a world-class organization while expanding its offshore infrastructure communication network into new geographies. We continue to see strong demand for our services, largely driven by the digitization of the oil and gas industry and the essentiality of robust communication infrastructure, and look forward to entering the next phase of growth together with our new owners.”

Masoud Homayoun, Partner at EQT Partners, Investment Advisor to EQT Infrastructure, adds: “Since 2012, Tampnet has undergone an extraordinary transformation to become the largest global independent owner and operator of offshore fiber-backed communication infrastructure. Management and the entire Tampnet team have done a fantastic job. With the ever-increasing demand for connectivity and data bandwidth driven by digitization in the offshore industry, Tampnet continues to be well positioned to grow and serve its customers with superior services.”

During EQT Infrastructure´s ownership, Tampnet successfully entered its second offshore region in the Gulf of Mexico and expanded its existing network in the North Sea into several new offshore areas. Several new services were launched, and three strategic add-ons acquisitions were successfully completed and integrated. With these initiatives, Tampnet has grown more than threefold in revenues and EBITDA from 2012 to 2018.

The sale is conditional on customary approvals from governmental and regulatory bodies in several jurisdictions, including the Federal Communications Commission in the US, and is expected to close in 2019.

EQT Infrastructure has been advised by Citigroup Inc. (M&A), Advokatfirmaet Selmer AS and Vinson & Elkins LLP (Legal).

Contacts
Masoud Homayoun, Partner at EQT Partners, Investment Advisor to EQT Infrastructure, +46 8 506 55 348
EQT Press Contact, +46 8 506 55 334

About EQT
EQT is a leading investment firm with approximately EUR 50 billion in raised capital across 27 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtpartners.com

About Tampnet
Tampnet is the only independent supplier of high capacity and low latency communication to offshore installations in the North Sea and the Gulf of Mexico. The company operates the world’s largest offshore fiber-backed communication infrastructure network, serving more than 300 oil and gas platforms, units, FPSO’s and exploration rigs.

More info: www.tampnet.com

About 3i Infrastructure plc
3i Infrastructure plc is a Jersey-incorporated, closed-ended investment company, listed on the London Stock Exchange and regulated by the Jersey Financial Services Commission. The Company is a long-term investor in infrastructure businesses and assets. The Company’s market focus is on economic infrastructure and greenfield projects in developed economies, principally in Europe, investing in operating businesses and projects which generate long-term yield and capital growth.

3i Investments plc, a wholly-owned subsidiary of 3i Group plc, is authorised and regulated in the UK by the Financial Conduct Authority and acts as Investment Adviser to 3i Infrastructure plc.

More info: www.3i-infrastructure.com

About ATP Group
ATP is Denmark’s largest pension and social security provider and one of Europe’s largest pension providers, with more than €100 billion assets under management invested in bonds, equities, real estate and infrastructure assets, among others. In recent years, ATP has made significant investments in vital infrastructure such as the Copenhagen Airport, the renewable energy company DONG Energy, now Orsted as well as the telecommunication company TDC.

ATP also administers key welfare benefits and schemes on behalf of the Danish state, the local authorities in Denmark and the social partners. ATP is the largest administration provider in the Nordic countries, managing two thirds of welfare benefits disbursed in Denmark.

More info: https://www.atp.dk/

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Oakley agrees sale of Damovo

oakleycapital

Oakley Capital Private Equity II (“Fund II”) is pleased to announce that it has reached an agreement to sell its stake in Damovo Group (“Damovo”), a leading independent European unified communications and collaboration (“UC&C”) company, to UK Atlanta Holdings LLC. The transaction, which is subject to regulatory approval,  values Damovo at up to €140 million, comprising an upfront consideration of €115 million and further consideration of up to €25 million, dependent on Damovo’s financial performance in the year to 31 January 2019.

Oakley invested in Damovo in 2015, in a proprietary deal that was sourced via Oakley’s network of business founders and management teams, as is typical for Oakley investments. Matthew Riley, the successful UK entrepreneur and founder of Daisy, another Oakley portfolio company, identified the opportunity to acquire Damovo in a complex carve out. The underlying business units which were in need of new investment, were consolidated into one combined and cohesive company.

Under Oakley’s ownership, Damovo has been transformed into a recognised European specialist in delivering and managing critical UC&C solutions for enterprise and public-sector organisations. The business has returned to organic growth by winning and delivering large, multi-year managed services contracts, and this has been supported by the integration of three strategic acquisitions. This growth, as well as a more efficient group structure put in place by the experienced management team, has lead to the business more than doubling EBITDA since Oakley’s initial investment.

David Till, Senior Partner at Oakley Capital Private Equity, commented:

“We would like to thank Matthew Riley, Glen Williams, Stuart Hall and the team for their tireless work in transforming the business over the past three years. Damovo is now a very well-respected and competitive player in the growing European market. It has the highest levels of vendor accreditation and has won a number of awards for its excellent customer service.  We are proud of the part we have played in its evolution, with the business ideally positioned for its next phase.”

A team from EY led by Richard Harding and Olivier Wolf carried out vendor due diligence services for Damovo.

 

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KKR Enters into an Exclusivity Agreement with Altice France

KKR

LONDON & PARIS–(BUSINESS WIRE)– KKR, a leading global investment firm, today announces that KKR has entered into an exclusivity agreement with Altice France to acquire a stake of 49.99 per cent in the to be formed tower company, SFR TowerCo. The deal is subject to regulatory approvals in France and is expected to close in Q4 2018.

SFR TowerCo will comprise of 10,198 sites across France currently operated by SFR. KKR’s financial and operational support will help drive the continued growth and development of the company’s portfolio, strengthening its position as a leading telecom infrastructure provider in France. The transaction will give SFR TowerCo an enterprise value of €3.6 billion.

Under the terms of the deal, KKR and Altice France will partner to develop the largest independent TowerCo in France. The partnership with Altice further demonstrates KKR’s extensive experience investing in the telecommunication infrastructure sector, supporting the development of digital connectivity required for modern societies. Last year, KKR acquired a stake in Telxius, a leading critical telecom infrastructure owner and service provider in Europe and the Americas.

Vincent Policard, Member at KKR in the European Infrastructure team, said: “KKR is proud to be the preferred partner for Altice and SFR based on our strong experience in telecom infrastructure, our shared outlook for the sector and our track record in structuring partnerships alongside corporates.”

The investment is being funded by KKR’s global infrastructure funds.

About KKR

KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit and, through its strategic partners, hedge funds. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside its partners’ capital and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. L.P. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180620006384/en/

Finsbury
Alastair Elwen, +44(0)20 7251 3801
alastair.elwen@finsbury.com
or
Adding Value Conseils
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ob@addingvalueconseils.com

Source: KKR

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The Carlyle Group Agrees to Sell ADT Caps to SK Telecom and MIRA for KRW 2,970 Billion

Carlyle

Seoul, Korea — Global alternative asset manager The Carlyle Group (“Carlyle”, NASDAQ: CG) today announced it has agreed to sell ADT Caps, the second largest security services provider in Korea, to SK Telecom (“SKT”, KRW:017670) and Macquarie Infrastructure and Real Assets (“MIRA”) for KRW 2,970 billion (USD 2.76 billion). SKT is the largest telecommunication operator in Korea and MIRA is one of the largest infrastructure asset managers globally. The transaction is expected to close in the second half of 2018.

The Carlyle Group acquired ADT Caps through Carlyle Asia Partners IV and Carlyle Partners VI in 2014 from Tyco. During Carlyle’s ownership, ADT Caps drove top-line growth through new product introductions, cross-selling, and channel development, and improved operating efficiencies by reducing false signals per account and dispatches per account, while upgrading service quality through technological development. By partnering with Jinhwan Choi, CEO of ADT Caps and the management team, Carlyle has supported the business to become the most profitable security services player in Korea.

Sanghyun Lee, Managing Director of The Carlyle Group, said, “ADT Caps is a great example of Carlyle’s ability to create value through operational improvements and partnering with excellent management teams. It is an honor to have had such a journey with thousands of experts who make Korea a safer place. I am glad that we found the SKT-MIRA consortium as ADT Caps’ strong new partner.”

Jinhwan Choi, CEO of ADT Caps, said, “The Carlyle Group has been a fantastic partner for ADT Caps and our management team over the last four years as we have re-established our security services leadership in Korea. The acquisition by the SKT-MIRA consortium provides the business and the management with a phenomenal opportunity to continue delivering best-in-class central monitoring services to our customers, leveraging SKT’s leading AI and IoT technology.”

Morgan Stanley, Credit Suisse, Latham & Watkins, Lee & Ko, and PwC advised Carlyle on this transaction.

Carlyle has invested more than US$1.5 billion of equity in more than 20 transactions in Korea as of March 31, 2018.

 

* * * * *

About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $201 billion of assets under management across 324 investment vehicles as of March 31, 2018. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Credit and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,575 people in 31 offices across six continents.

Web: www.carlyle.com

Videos: www.youtube.com/onecarlyle

Tweets: www.twitter.com/onecarlyle

Podcasts: www.carlyle.com/about-carlyle/market-commentary

 

About ADT Caps

ADT Caps is a provider of advanced security solutions in Korea, serving more than 427,000 customers through a network of 69 branches nationwide. The business provides central monitoring services, with video surveillance and dispatch, access control and other customized security solutions as well as guarding services. The business is headquartered in Seoul, Korea, with approximately 7,500 employees.

www.adtcaps.co.kr

 

Media Contacts:

Brian Zhou

+86 10 57067070

brian.zhou@carlyle.com

 

Tammy Li

+852 2878 5236

tammy.li@carlyle.com

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EQT completes purchase of majority stake in Spirit Communications

eqt

  • Will Combine Assets with Lumos Networks
  • Combination of Spirit Communications and Lumos Networks Will Create a Super-Regional Fiber Bandwidth Provider Operating in Nine States in the Mid-Atlantic and Southeast

Waynesboro, Va., and Columbia, S.C., April 10, 2018 – Lumos Networks Corp. (“Lumos”) and Spirit Communications (“Spirit”) announced today that the EQT Infrastructure III fund (“EQT Infrastructure”) has completed its majority stake investment in Spirit. With the transaction complete, Spirit will be combined with Lumos, which was acquired in November of 2017.

The combination of Spirit and Lumos creates a super-regional fiber network stretching from Pittsburgh to Atlanta, with the vast majority of revenue and fiber network concentrated in the high-growth markets of Virginia, North Carolina and South Carolina. Together, Spirit and Lumos will operate a network of approximately 21,000 fiber route miles and well over one million total fiber strand miles. The combined business will have over 9,000 on-net locations, comprised of approximately 4,500 on-net enterprise locations and more than 4,500 unique contracted fiber to the cell (“FTTC”) locations.

Jan Vesely, Partner at EQT Partners and Investment Advisor to EQT Infrastructure, said, “The combination of Spirit and Lumos has strong industrial logic and immediately creates a leading fiber bandwidth platform in the United States. Both companies share many of the same attributes that EQT seeks in its infrastructure investments. We are very much looking forward to supporting the combined business in its ambitious growth plans and working alongside Spirit’s Member Companies.”

Timothy G. Biltz, President and CEO of Lumos, will serve as the CEO of the combined company. Robert Keane, President and CEO of Spirit prior to the combination, and Brian Singleton, CEO of TruVista and Chairman of the Spirit Board of Directors prior to the combination, will serve on the combined company’s Board of Directors.

“Spirit and Lumos have similar operating strategies, our fiber footprint is contiguous with very little overlap and we share the same tireless focus on providing an excellent customer experience,” said Mr. Biltz. “Quite simply, we belong together. We are excited that EQT had the vision to execute on its plan to create a platform that is, based on a number of metrics, the largest independent fiber bandwidth company in the U.S.”

Robert Keane, former CEO of Spirit, said, “In an industry where most combinations are focused on eliminating cost benefits, this business combination is born out of expectations for revenue growth. We now have twice the footprint to reach more of our customers’ locations, and we expect to utilize both companies’ product portfolios to cross-sell these services across the expansive combined enterprise base.”

“I look forward to working closely with Bob Keane and Brian Singleton, who will both play an important role on our Board of Directors alongside the existing board members,” added Doug Gilstrap, Chairman of the Board of the combined entity. “Collectively, we will strive to maintain our focus on excellent customer experience by increasing our offerings of products and services while continuing the investments required to build a fiber network with world-class reliability and performance.”

Mr. Biltz concluded, “I would like to conclude with a very special thank you to the approximately 900 combined employees from Lumos and Spirit for their ingenuity, sacrifice and devotion to solving our customers’ problems and building a world-class fiber network with world-class performance and metrics. The best is yet to come.”

Contacts
Will Davis, +1-917-519-6994, davisw@lumosnet.com

US inquiries: Alicia Battistoni, +1-646-687-6810, alicia.battistoni@eqtpartners.com
International inquiries: EQT Press Office, +46 8 506 55 334, press@eqtpartners.com

About EQT
EQT is a leading investment firm with approximately EUR 49 billion in raised capital across 26 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtpartners.com

About the Combination of Spirit Communications and Lumos Networks
The combination of Spirit Communications and Lumos Networks creates a super-regional fiber bandwidth network with over 21,000 miles of fiber and more than 9,000 on-net locations across nine states in the Mid-Atlantic and Southeast United States. The new entity offers a full range of Ethernet, MPLS, dark fiber, advanced voice and cloud services to thousands of carrier, enterprise, data center and government customers. The entity also connects 44 total data centers, including 12 co-location and data centers.

More info: www.spiritcom.com and www.lumosnetworks.com

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EQT Infrastructure acquires Broadnet, Norway’s leading alternative fiber-based data communications provider

eqt

  • EQT Infrastructure acquires Broadnet, the leading alternative Norwegian provider of fiber-based data communications to businesses, telecom operators and the public sector
  • Broadnet operates in the highly attractive fiber infrastructure sector characterized by growing data traffic
  • EQT Infrastructure is committed to actively supporting Broadnet in its pursuit of growth and continued operational improvement opportunities

The EQT Infrastructure III fund (“EQT Infrastructure”) has agreed to acquire Broadnet Holding AS (“Broadnet” or the “Company”) from the EQT V and VI funds.

Broadnet controls ~24,000km of fiber through its nationwide backbone network in addition to expansive regional as well as local networks, connecting more than 90 cities across Norway. The Company has grown to become the leading independent fiber-based datacom provider in the Norwegian B2B market (~85% of sales), but also serves the B2C market through its HomeNet brand (~15% of sales). The product offering includes VPN, Internet, Ethernet and dedicated capacity to both the wholesale market and to end-customers. The customer base includes some of the largest Norwegian enterprises as well as other telecom operators and consumers.

EQT Infrastructure will support the continued development of Broadnet and assist the Company in its pursuit of new opportunities to grow and commercialize its extensive fiber network assets. Moreover, the value creation strategy is focused on realization of identified operational improvement opportunities, for instance automation and customer service initiatives.

Daniel Pérez, Partner at EQT Partners and Investment Advisor to EQT Infrastructure, said: “Broadnet was created under the ownership of EQT V/VI and has developed into a leader in the highly attractive Norwegian fiber infrastructure market under the leadership of CEO Martin Lippert. We are excited about the prospects of the Company and thrilled with the opportunity to support Martin and his team with their growth and development plans going forward.”

Martin Lippert, CEO of Broadnet said: “The sale of Broadnet is another proof of our success over the last years. We have, through hard work from all employees and support from our owners, positioned Broadnet as a market leader within fiber infrastructure. We will continue the journey through further development of infrastructure and by providing outstanding customer experiences in the years to come. Broadnet is ideally positioned to take further market shares in a growing Norwegian fiber market, with the backing of our new owner who has extensive experience from our industry.”

The transaction is expected to close in May 2018.

Contacts:
Daniel Pérez, Partner at EQT Partners and Investment Advisor to EQT Infrastructure, +46 8 506 554 72

EQT Press office +46 8 506 55 334

About EQT
EQT is a leading investment firm with approximately EUR 49 billion in raised capital across 26 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtpartners.com

About Broadnet
Broadnet is the largest alternative Datacom provider in Norway. The company controls one of two optical fiber networks in Norway in addition to a substantial regional and local network. The group consist of two brands: Broadnet, serving the business and wholesale market, and HomeNet, serving the consumer market

More info: www.broadnet.no

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Kinnevik supports the proposed merger Tele2

Kinnevik

Kinnevik AB (publ) (“Kinnevik”) today announced that it supports the proposed statutory merger between Tele2 and Com Hem (the “Merger”). When the Merger has been completed, Kinnevik will become the largest shareholder in the combined company (“Enlarged Tele2”), holding 27.3 percent of the shares and 41.9 percent of the votes.

The completion of the Merger is subject to, inter alia, approval by the shareholders of each of Tele2 and Com Hem at their respective Extraordinary General Meetings, which are currently expected to be held during the second half of 2018, as well as necessary authority approvals.

Kinnevik is today the largest shareholder in both Tele2 and Com Hem, holding in aggregate 30.1 percent of the shares and 47.6 percent of the votes in Tele2, and 18.7 percent of the shares and votes in Com Hem.[1] Kinnevik supports the proposed Merger and has undertaken to vote in favor of the Merger at the respective company’s Extraordinary General Meeting and not to sell any shares in Tele2 or Com Hem (or in Enlarged Tele2) up until six months after completion of the Merger, subject to customary conditions. In addition, Kinnevik has committed to participate in the European Commission’s merger control procedure, and is prepared to effect pro-competitive measures, if required, to complete the Merger.

Joakim Andersson, CFO and acting CEO of Kinnevik during 2017, commented:

“As the largest shareholder in both Tele2 and Com Hem, we are fully supportive of the proposed Merger. We continuously evaluate strategic options for our investee companies and are excited about the creation of a leading integrated operator in the Swedish market. Enlarged Tele2 will be very well positioned to act as a customer champion in an integrated world and the combination’s synergies should lead to meaningful value creation for all shareholders.”

Georgi Ganev, CEO of Kinnevik and proposed Chairman of Tele2, commented:

“TMT is a sector in rapid change with customers seeking seamless connectivity and digital services, and we believe Enlarged Tele2 will be in a strong position to meet those demands. Building digital consumer businesses that make a positive difference to peoples’ lives is core to Kinnevik’s strategy. The Merger will provide Swedish consumers with compelling customer solutions and address the explosive growth in fixed and mobile data consumption underpinned by accelerating video demand. Kinnevik is proud to become the largest shareholder of the combined company.”

For further information about the financial details of the Merger and the combined company, please refer to the press releases issued by Tele2 at www.tele2.com and Com Hem at www.comhemgroup.se.

LionTree Advisors acted as financial advisor to Kinnevik on this transaction.

This information is information that Kinnevik AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 07.15 CET on 10 January 2018.

For further information, visit www.kinnevik.com or contact:

Torun Litzén, Director Investor Relations
Phone +46 (0)70 762 00 50
Email press@kinnevik.com

Kinnevik is an industry focused investment company with an entrepreneurial spirit. Our purpose is to build the digital consumer businesses that provide more and better choice. We do this by working in partnership with talented founders and management teams to create, invest in and lead fast growing businesses in developed and emerging markets. We believe in delivering both shareholder and social value by building well governed companies that contribute positively to society. Kinnevik was founded in 1936 by the Stenbeck, Klingspor and von Horn families. Kinnevik’s shares are listed on Nasdaq Stockholm’s list for large cap companies under the ticker codes KINV A and KINV B.

 

 

[1] Ownership figures includes treasury shares.

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Infravia sells its 55% stake in ADTIM, french fiber project, to DIF

InfraVia

DIF Core Infrastructure Fund I (“DIF CIF I”) and Infravia are pleased to announce that they have completed the sale of Infravia’s 55% stake in the French fiber company ADTIM.

ADTIM operates a wholesale telecom network in the Ardèche and Drôme departments under a 25-year concession awarded in 2008, which is fully operational since 2011. In December 2016, ADTIM, together with its partners Axione, Bouygues E&S and Caisse des Dépôts et Consignations, were awarded the Fiber to the Home (FttH) concession in the region. This second project plans to realize 310,000 FttH connections in association with the public local authority Syndicat mixte ADN as part of France’s 2012 Ultra-Fast Broadband Plan, the nationwide plan to implement ultra-fast internet connections across the country by 2022. nInfravia and DIF CIF I had reached an agreement on the transaction in June 2017.

InfraVia has been advised in the process by the following parties: Weil, Gotshal & Manges LLP (Legal), Lazard (M&A) and H3P (Financial)

ABOUT DIF

DIF is an independent and specialist fund management company, managing funds of approxi-mately €4.3 billion across seven closed-end investment funds and several co-investment vehicles. DIF invests in the global infrastructure market through two differentiated and com-plementary strategies. DIF CIF I targets small to mid sized infrastructure assets in the telecom infrastructure, rail, energy and utility sectors that generate stable and predictable cash flows that are contracted over the mid term with highly rated entities. The fund targets both greenfield and operational projects in Europe, North America and Australasia. The fund recently reached its final close at EUR 450m. DIF’s other funds target PPP / PFI / P3, regulated infrastructure assets and renewable energy projects in Europe, North America and Australasia.

DIF has offices in Amsterdam, Frankfurt, London, Paris, Luxembourg, Madrid, Toronto and Sydney. DIF has offices in Amsterdam, Frankfurt, London, Paris, Luxembourg, Madrid, Toronto and Sydney.

ABOUT INFRAVIA CAPITAL PARTNERS

InfraVia Capital Partners is an investment manager dedicated to the infrastructure sector. InfraVia manages EUR 1.9bn across three infrastructures funds, positioned as long-term investors and dedicated to energy and infrastructure in Europe.

www.infraviacapital.com

 

 

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EQT Infrastructure acquires Dutch telecom and infrastructure company CAIW

eqt

  • EQT Infrastructure to acquire CAIW, owner and operator of telecom infrastructure connecting more than 350,000 households in the Netherlands
  • EQT Infrastructure is committed to actively support CAIW in further strengthening its market position and investing in growth opportunities
  • CAIW to be included in the same holding as DELTA headed by Marco Visser as CEO

The EQT Infrastructure III fund (“EQT Infrastructure”) has signed a definitive agreement to acquire CIF Holding B.V. (”CAIW” or “the Company”) from Rabo Bouwfonds Communication Infrastructure Fund C.V..

CAIW is a leading regional telecom infrastructure company in the Netherlands owning and operating a state-of-the-art fiber and coax network, connecting more than 350,000 households. CAIW employs approximately 210 people and generated sales of EUR 112 million in 2016.

EQT Infrastructure will invest in the continued development of CAIW’s growth strategy while strengthening its market position and exploring opportunities to expand its existing fiber network.

“EQT Infrastructure looks forward to supporting CAIW’s growth journey in the Dutch telecom and infrastructure market. Following last year’s investment in the telecom infrastructure company DELTA, the acquisition of CAIW fortifies EQT Infrastructure’s commitment to the Dutch fiber segment”, says Matthias Fackler, Partner at EQT Partners and Investment Advisor to EQT Infrastructure.

Joost Goderie, Senior Managing Partner at Rabo Bouwfonds Communication Infrastructure Fund:

‘With support of institutional investors, we have developed large-scale fiber networks in different areas of the Netherlands. We are especially proud that CAIW successfully rolled out optical fiber to municipalities and households in rural areas. Welcoming EQT Infrastructure as the new investor will guarantee continuity of CAIW’s services and shape the ambitions for the future.”

EQT Infrastructure intends to include CAIW in the same holding as DELTA and the new group management structure will oversee all activities related to both CAIW and DELTA. It will be headed by Marco Visser, current CEO of DELTA.

The transaction is subject to customary conditions, such as completion of a works council consultation procedure and approval of the Autoriteit Consument & Markt (ACM). The parties have agreed not to disclose financial details related to the transaction. The transaction is expected to close in Q4, 2017.

Morgan Stanley acted as sole financial advisor and Clifford Chance as legal advisor to EQT Infrastructure.

Contacts:
Matthias Fackler, Partner at EQT Partners, Investment Advisor to EQT Infrastructure, +49 89 2554 99 505
EQT Press Office, +46 8 506 55 334

About EQT
EQT is a leading alternative investments firm with approximately EUR 37 billion in raised capital across 24 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtpartners.com

About CAIW
CAIW is a telecom infrastructure company in the Netherlands that owns and operates broadband connections to more than 350.000 households and businesses. In recent years, CAIW rolled out fiber networks to municipalities and homes in remote areas. CAIW is also a strong regional internet service provider offering broadband, TV and telephony services. Westland, Schiedam and Almelo are amongst the largest regions in CAIW’s footprint.

More info: www.caiway.nl

 

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Bregal Unternehmerkapital has acquired gabo Systemtechnik

Bregal unternehmerkapital

Funds advised by Bregal Unternehmerkapital have acquired a majority stake in gabo Systemtechnik GmbH. The company is based in Niederwinkling/Bavaria and develops, produces and distributes micro duct systems to major European telecommunication companies as well as local fibre network operators and municipalities. Its array of products comprises more than 800 pipes, fittings and sealing elements which can be combined individually. gabo employs about 150 people and currently predominantly operates in Germany, Austria, Italy and Belgium.

The company has been recording significant and sustainable growth for many years. With the investment, Bregal Unternehmerkapital plans to continue gabo’s successful path together with the management team. The focus remains on internationalization, sales activities and development of new products.

Bregal Unternehmerkapital is looking forward to working jointly together in a promising market.

Press contact:

IRA WÜLFING KOMMUNIKATION
Dr. Reinhard Saller
Phone: +49 89 2000 30-30
bregal@wuelfing-kommunikation.de

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