Wireless Logic acquisition of New Line Mobile

Montagu

New Line Mobile join the Wireless Logic Group

We’re delighted to announce the acquisition of New Line Mobile.

Headquartered in The Hague, Netherlands, New Line Mobile is an established IoT/M2M managed services provider. In partnership with major mobile operators, the company delivers a one-stop solution combining secure infrastructure, resilient software platforms and multiple network connectivity for system integrators, application providers and end user clients.

The acquisition was completed on Friday, 4th December. Engin Demirel will be working closely with the Wireless Logic team over the coming months to ensure a smooth transition for customers and the business.

“We are delighted to welcome New Line Mobile to our growing business. The talented team at New Line is joining us at an exciting time of unprecedented growth and we are looking forward to the important role that they will play in our plans for the future.” says Oliver Tucker, CEO, Wireless Logic.

“This acquisition gives the business a solid foundation for the future, making it a very exciting opportunity for both our team and our customers. New Line Mobile will continue to do what has made it so successful over the years, only now we will also be able to leverage the scale and capabilities of the Wireless Logic group.” says Engin Demirel, CEO, New Line Mobile.

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EQT Infrastructure and Proximus form partnership to bring fiber to 1.5 million households in the Flemish Region of Belgium

eqt

  • EQT Infrastructure and Proximus sign joint venture agreement to build a fiber-to-the-home network for at least 1.5 million households and businesses in the Flemish Region of Belgium
  • EQT Infrastructure and Proximus are committed to invest significantly into the increased digitalization of the Belgian society
  • The JV will benefit from EQT Infrastructure’s vast fiber roll-out experience and Proximus’ unrivalled expertise in the Belgian telecom market, and together the parties aim at realizing a substantial increase of the fiber coverage in Flanders

The EQT Infrastructure V fund (“EQT Infrastructure”) and Proximus, Belgium’s largest telecom operator, are pleased to announce the signing of a partnership agreement. As part of this agreement, the two parties will form a new joint venture (JV) that will design, build and maintain a fiber-to-the-home (FTTH) network in Flanders. EQT Infrastructure will initially own 50.1 percent of the JV and Proximus will hold 49.9 percent.

EQT Infrastructure and Proximus have identified large opportunities in accelerating the build-out pace of the FTTH network in the Flemish Region of Belgium. FTTH is the fastest and most reliable broadband solution available and is instrumental in managing the increasingly growing internet bandwidth demands of the future. EQT and Proximus are committed to invest significantly into the JV over the coming years with the ambition to bring the required fiber connectivity to Flanders so that its residents and businesses can actively participate in the Gigabit Society.

The JV will benefit from the combination of EQT Infrastructure’s vast experience from developing strong fiber companies in Europe and North America, and Proximus’ unrivalled expertise in the Belgian telecom market and long-standing relationships with municipalities and housing associations. Together, the parties will create an efficient rollout machine to build a fiber network, which will be open and accessible to all operators. The JV intends to connect its first customers during 2021 and the overall goal is to bring fiber connectivity to at least 1.5 million households and businesses over the coming years. The JV will be supported by a strong board of directors with hands-on experience from fiber deployment in Belgium and other European markets.

Matthias Fackler, Partner at EQT Partners, said: “We are very happy to have found a strong partner in Proximus for this exciting fiber rollout opportunity in Belgium. As the leading investor in digital infrastructure, EQT sees the growing need for future-proof and reliable broadband access all over the European continent. Through this partnership, we look forward to facilitating digital inclusion and sustainable economic growth in Flanders and the Belgian society as a whole.”

Guillaume Boutin, CEO of Proximus, said: “I am very pleased that we have signed this final agreement with EQT Infrastructure. This will enable us to reinforce our leading position in multi-gigabit infrastructures, in an era where reliable, next-generation fixed and mobile connectivity has become more important than ever. It also illustrates our positive attitude towards cooperation and co-investment, which will be an important trigger to guarantee a faster, broader and more cost-efficient roll-out. I’d like to congratulate the teams involved on both sides, as this agreement marks another major step forward to build the most future-proof and open network for Belgium and bring high-speed connectivity solutions to every citizen”.

The closing of the transaction is expected in Q1 2021, subject to customary regulatory approvals.

With this transaction, EQT Infrastructure V is expected to be 15-20 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication) based on its target fund size, and subject to customary regulatory approvals.

Contact
Matthias Fackler, Partner at EQT Partners and Investment Advisor to EQT Infrastructure, +49 89 25 54 99 0
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

About EQT
EQT is a purpose-driven global investment organization with more than EUR 75 billion in raised capital and over EUR 46 billion in assets under management across 16 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and North America with total sales of more than EUR 27 billion and approximately 159,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, Twitter, YouTube and Instagram

About Proximus
Proximus Group (Euronext Brussels: PROX) is a provider of digital services and communication solutions operating in the Belgian and international markets. Delivering communication and entertainment experiences for residential consumers and enabling digital transformation for enterprises, we open up a world of digital opportunities so people live better and work smarter. Thanks to advanced interconnected fixed and mobile networks, Proximus provides access anywhere and anytime to digital services and data, as well as to a broad offering of multimedia content. Proximus is a pioneer in ICT innovation, with integrated solutions based on IoT, Data analytics, cloud and security.

With 12,931 employees, all engaged to offer customers a superior experience, the Group realized an underlying Group revenue of EUR 5,686 million end-2019.

More info: www.proximus.com and www.proximus.be

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Wireless Logic completes acquisition of Datamobile AG

Montagu

23rd November 2020

Wireless Logic, a global leading IoT connectivity platform provider, is further strengthening its presence in the DACH market with the acquisition of Datamobile AG.

Datamobile AG is an IoT communication specialist that delivers integrated solutions for businesses across a wide range of verticals in EMEA and Asia. With a market heritage in the DACH region spanning over 10 years, Datamobile AG has established itself as an innovative company in the cellular connectivity market and services market leading customers in a number of fast growing sectors including food delivery and e-mobility.

The acquisition will further strengthen Wireless Logic’s European market leadership as well as helping to build our global capabilities.

Oliver Tucker, CEO of Wireless Logic

The acquisition was completed on 19 November 2020 and the core Datamobile AG team will remain in place, led by CEO Gerald Wirtl.

Gerald comments: “Our customers have always been at the forefront of what we do, which is why safety, stability and support are three key drivers in our product and service offering. This ethos is one shared by Wireless Logic, which is why I’m hugely excited about the new opportunities that we will be able to offer our customers and employees under their ownership.”

Oliver Tucker, CEO at Wireless Logic, comments: “In the space of a decade, Datamobile AG has developed its enviable market position through a strong product and service offering and a highly skilled and well-connected team. The acquisition will further strengthen the group’s European market leadership as well as helping to build our global capabilities. In the coming months, Datamobile will further accelerate their growth by leveraging our scale and industry leading technology.”

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Wireless Logic completes acquisition of Datamobile AG

Montagu

Wireless Logic, a global leading IoT connectivity platform provider, is further strengthening its presence in the DACH market with the acquisition of Datamobile AG.

Datamobile AG is an IoT communication specialist that delivers integrated solutions for businesses across a wide range of verticals in EMEA and Asia. With a market heritage in the DACH region spanning over 10 years, Datamobile AG has established itself as an innovative company in the cellular connectivity market and services market leading customers in a number of fast growing sectors including food delivery and e-mobility.

The acquisition will further strengthen Wireless Logic’s European market leadership as well as helping to build our global capabilities.

Oliver Tucker, CEO of Wireless Logic

The acquisition was completed on 19 November 2020 and the core Datamobile AG team will remain in place, led by CEO Gerald Wirtl.

Gerald comments: “Our customers have always been at the forefront of what we do, which is why safety, stability and support are three key drivers in our product and service offering. This ethos is one shared by Wireless Logic, which is why I’m hugely excited about the new opportunities that we will be able to offer our customers and employees under their ownership.”

Oliver Tucker, CEO at Wireless Logic, comments: “In the space of a decade, Datamobile AG has developed its enviable market position through a strong product and service offering and a highly skilled and well-connected team. The acquisition will further strengthen the group’s European market leadership as well as helping to build our global capabilities. In the coming months, Datamobile will further accelerate their growth by leveraging our scale and industry leading technology.”

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Wireless Logic completes acquisition of Datamobile AG

Montagu

Wireless Logic, a global leading IoT connectivity platform provider, is further strengthening its presence in the DACH market with the acquisition of Datamobile AG.

Datamobile AG is an IoT communication specialist that delivers integrated solutions for businesses across a wide range of verticals in EMEA and Asia. With a market heritage in the DACH region spanning over 10 years, Datamobile AG has established itself as an innovative company in the cellular connectivity market and services market leading customers in a number of fast growing sectors including food delivery and e-mobility.

The acquisition will further strengthen Wireless Logic’s European market leadership as well as helping to build our global capabilities.

Oliver Tucker, CEO of Wireless Logic

The acquisition was completed on 19 November 2020 and the core Datamobile AG team will remain in place, led by CEO Gerald Wirtl.

Gerald comments: “Our customers have always been at the forefront of what we do, which is why safety, stability and support are three key drivers in our product and service offering. This ethos is one shared by Wireless Logic, which is why I’m hugely excited about the new opportunities that we will be able to offer our customers and employees under their ownership.”

Oliver Tucker, CEO at Wireless Logic, comments: “In the space of a decade, Datamobile AG has developed its enviable market position through a strong product and service offering and a highly skilled and well-connected team. The acquisition will further strengthen the group’s European market leadership as well as helping to build our global capabilities. In the coming months, Datamobile will further accelerate their growth by leveraging our scale and industry leading technology.”

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Cinven, KKR and Providence complete the acquisition of Spanish telecommunications operator, MASMOVIL

Cinven

he acquisition of MASMOVIL demonstrates a commitment from the Consortium towards the development of the Spanish telecom market over the coming years.

Lorca Telecom Bidco SAU, a company indirectly and collectively majority owned by funds or vehicles managed or advised by Cinven, funds or vehicles managed or advised by KKR and funds or vehicles managed or advised by Providence Equity Partners L.L.C. (“Providence”) (jointly “the Consortium”), has successfully completed the acquisition of Spanish telecommunications operator MASMOVIL IBERCOM, S.A. (“MASMOVIL” or “the Group”) having acquired 99.3% of the Group’s outstanding shares. At the tender offer price, MASMOVIL was valued at approximately EUR 5.3 billion.

The Consortium’s support will provide MASMOVIL with the opportunity to accelerate its investment strategy and develop new projects aimed at providing the Group’s customers, who report some of the highest satisfaction rates in Spain, high quality access to MASMOVIL’s networks at a time when the telecommunications sector is becoming increasingly important in the country.

In addition, this transaction aims to continue creating value for the telecommunications market, customers, and employees of the Group, in addition to, delivering a positive impact on people and on the planet – in line with MASMOVIL’s corporate purpose.

Headquartered in Madrid, MASMOVIL is the fourth largest telecommunications operator in Spain, with more than 11 million customers. It provides triple-play fixed-line, mobile and internet services to residential customers, businesses and operators through a number of brands including Yoigo, MASMOVIL, Pepephone, Llamaya, Lebara, Lycamobile and Hits mobile.

The Consortium believes MASMOVIL represents an attractive investment opportunity because of its strong positioning in Spain, the increasing demand for greater quality and value for money in the Spanish telecommunications sector, and the range of growth opportunities available for the business over the medium-term.

Commenting on the transaction, Jorge Quemada and Thomas Railhac, Partners at Cinven, said:

“We are delighted to have completed the acquisition of such a major European business which has become the leading challenger in Spain. The experienced management team has demonstrated its ability to consistently deliver excellent results, even in fast changing environments. MASMOVIL has a highly successful track record and has achieved revenue and double-digit EBITDA growth both organically and through acquisitions and, more recently, through the actions they have taken since COVID-19. We strongly believe MASMOVIL is well positioned in the market for further exciting growth opportunities.”

Iñaki Cobo and Jean-Pierre Saad, Partners at KKR, said:

“We are excited to invest behind one of our core themes, telecommunications and digitalization, and are confident that MASMOVIL is well positioned to continue capturing growth opportunities with its outstanding management team. The investment in MASMOVIL reinforces KKR’s commitment to Spain where we have already deployed almost $6 billion since 2010.”

Robert Sudo, Managing Director at Providence Equity, said:

“As a long-standing investor in MASMOVIL, we continue to see exciting growth opportunities for the business and are pleased Cinven and KKR share our long-term vision for the company. The management team’s proven track record leading the business places MASMOVIL in a strong position to succeed as a private business in a competitive market ripe for consolidation.”

The offer document with all the information about the voluntary tender offer are available on the following website:  https://www.grupomasmovil.com/en/takeover-bid-on-masmovil-group/

Advisors to the Consortium for this transaction, included: Barclays, Deutsche Bank and Morgan Stanley (M&A); Freshfields Bruckhaus Deringer LLP, Paul Weiss, Rifkind, Wharton & Garrison LLP and Uria Menéndez (legal); Analysys Mason and McKinsey (commercial); Deloitte (financial, tax, operations, structuring); and EY (IT).

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Cinven, KKR and Providence complete the acquisition of Spanish telecommunications operator, MASMOVIL

Providence

November 17, 2020

Cinven, KKR and Providence complete the acquisition of Spanish telecommunications operator, MASMOVIL

The acquisition of MASMOVIL demonstrates a commitment from the Consortium towards the development of the Spanish telecom market over the coming years

Madrid, Spain, 17 November 2020 – Lorca Telecom Bidco SAU, a company indirectly and collectively majority owned by funds or vehicles managed or advised by Cinven, funds or vehicles managed or advised by KKR and funds or vehicles managed or advised by Providence Equity Partners L.L.C. (“Providence”) (jointly “the Consortium”), has successfully completed the acquisition of Spanish telecommunications operator MASMOVIL IBERCOM, S.A. (“MASMOVIL” or “the Group”) having acquired 99.3% of the Group’s outstanding shares. At the tender offer price, MASMOVIL was valued at approximately EUR 5.3 billion.

The Consortium’s support will provide MASMOVIL with the opportunity to accelerate its investment strategy and develop new projects aimed at providing the Group’s customers, who report some of the highest satisfaction rates in Spain, high quality access to MASMOVIL’s networks at a time when the telecommunications sector is becoming increasingly important in the country.

In addition, this transaction aims to continue creating value for the telecommunications market, customers, and employees of the Group, in addition to, delivering a positive impact on people and on the planet – in line with MASMOVIL’s corporate purpose.

Headquartered in Madrid, MASMOVIL is the fourth largest telecommunications operator in Spain, with more than 11 million customers. It provides triple-play fixed-line, mobile and internet services to residential customers, businesses and operators through a number of brands including Yoigo, MASMOVIL, Pepephone, Llamaya, Lebara, Lycamobile and Hits mobile.

The Consortium believes MASMOVIL represents an attractive investment opportunity because of its strong positioning in Spain, the increasing demand for greater quality and value for money in the Spanish telecommunications sector, and the range of growth opportunities available for the business over the medium-term.

Commenting on the transaction, Jorge Quemada and Thomas Railhac, Partners at Cinven, said:

“We are delighted to have completed the acquisition of such a major European business which has become the leading challenger in Spain. The experienced management team has demonstrated its ability to consistently deliver excellent results, even in fast changing environments. MASMOVIL has a highly successful track record and has achieved revenue and double-digit EBITDA growth both organically and through acquisitions and, more recently, through the actions they have taken since COVID-19. We strongly believe MASMOVIL is well positioned in the market for further exciting growth opportunities.”

Iñaki Cobo and Jean-Pierre Saad, Partners at KKR, said:

“We are excited to invest behind one of our core themes, telecommunications and digitalization, and are confident that MASMOVIL is well positioned to continue capturing growth opportunities with its outstanding management team. The investment in MASMOVIL reinforces KKR’s commitment to Spain where we have already deployed almost $6 billion since 2010.”

Robert Sudo, Managing Director at Providence Equity, said:

“As a long-standing investor in MASMOVIL, we continue to see exciting growth opportunities for the business and are pleased Cinven and KKR share our long-term vision for the company. The management team’s proven track record leading the business places MASMOVIL in a strong position to succeed as a private business in a competitive market ripe for consolidation.”

The offer document with all the information about the voluntary tender offer are available on the following website: https://www.grupomasmovil.com/en/takeover-bid-on-masmovil-group/

Advisors to the Consortium for this transaction, included: Barclays, Deutsche Bank and Morgan Stanley (M&A); Freshfields Bruckhaus Deringer LLP, Paul Weiss, Rifkind, Wharton & Garrison LLP and Uria Menéndez (legal); Analysys Mason and McKinsey (commercial); Deloitte (financial, tax, operations, structuring); and EY (IT).

Media contacts for the Consortium:

Cinven

Vanessa Maydon: Tel. +44 (0) 7802 961 902
Email. vanessa.maydon@cinven.com

Peter Folland: Tel. +44 (0)787 099 2924
Email. peter.folland@cinven.com

Alejandra Moore Tel. +34 91 531 23 88
Email. amoore@grupoalbion.net

KKR

Alastair Elwen / Alice Neave: Tel. +44 (0)20 7251 3801
Email. kkr@finsbury.com

Sarah Estébanez: Tel. +34 91 702 10 10
Email. sestebanez@tinkle.es

Xana Peña: Tel. +34 91 702 10 10
Email. xpena@tinkle.es

Providence Equity Partners

Charles Chichester Tel. +44 (0) 7810 825 444
Rory King Tel. +44 (0) 7917 086 227
Email. Prov-SVC@sardverb.com

About Cinven

Cinven is a leading international private equity firm focused on building world-class global and European companies. Its funds invest in six key sectors: Business Services, Consumer, Financial Services, Healthcare, Industrials and Technology, Media and Telecommunications (TMT). Cinven has offices in London, New York, Frankfurt, Paris, Milan, Madrid, Guernsey, Luxembourg and Hong Kong. Cinven has significant experience in the telecoms and fibre sectors, with its funds’ previous investments including Numericable, Ziggo, Eutelsat and Ufinet. Cinven also has a long-term presence and a successful track record in Spain, with its funds’ current investments in the country including Ufinet International, Hotelbeds, Planasa and Tinsa. Cinven takes a responsible approach towards its portfolio companies, their employees, suppliers, local communities, the environment and society. Cinven Capital Management (V) General Partner Limited, Cinven Capital Management (VI) General Partner Limited, Cinven Capital Management (VII) General Partner Limited and Cinven Capital Management (SFF) General Partner Limited are each authorised and regulated by the Guernsey Financial Services Commission, and Cinven Partners LLP, the advisor to the Cinven Funds, is authorised and regulated by the Financial Conduct Authority. In this press release ‘Cinven’ means, depending on the context, any of or collectively, Cinven Holdings Guernsey Limited, Cinven Partnership LLP, Cinven (LuxCo1) S.A., and their respective Associates (as defined in the Companies Act 2006) and/or funds managed or advised by any of the foregoing. For additional information on Cinven please visit www.cinven.com and www.linkedin.com/company/cinven/.

About KKR

KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, credit and real assets, with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors 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 the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. KKR has significant experience in the telecom sector, with its previous and current investments including United Group, Telxius, Deutchse Glasfaser and FiberCorp. KKR has a long-term presence and commitment to Spain having invested almost $6 billion since 2010 across different strategies, including current investments in PortAventura, Telxius, X-Elio, Alvic Group, Telepizza and MasterD. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

About Providence Equity Partners

Providence is a premier global private equity firm with more than $49 billion in capital under management. Providence pioneered a sector-focused approach to private equity investing with the vision that a dedicated team of industry experts could build exceptional companies of enduring value. Since the firm’s inception in 1989, Providence has invested in more than 200 companies and is a leading equity investment firm focused on the media, communications, education, software and services industries. Providence has a long history of investing in the telecommunications space in Europe and is currently a shareholder in both Masmovil (2016) and Bite (2016). The firm’s previous European telecommunications investments since 2005 include: Volia (2007), M7 Group (2007), MobileServ (2006), Kabel Deutschland (2006), Com Hem (2006), TDC (2006), and Ono (2005). Providence is headquartered in Providence, RI, and also has offices in New York and London. For more information, please visit www.provequity.com

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Middle East & Africa Seed Challenge

To support the visionary entrepreneurs of Africa’s booming tech ecosystem at earlier stages, we launched a special initiative addressing Seed companies in Cameroon, Egypt, Ivory Coast, Jordan, Morocco, Senegal, Tunisia in June 2020.

 

Today, we are very proud to announce the 7 Seed stage startups joining Orange Ventures community.

7Keema in Egypt: an e-health platform that enhances the accessibility and quality of nursing services

Chari.ma in Morocco: a market place for local businesses selling everyday goods

Dabchy in Tunisia: the first peer-to-peer secondhand fashion marketplace in Tunisia

Moja Ride in Côte d’Ivoire: a platform for transport operators that helps commuters access, book and pay for all available modes of transportation from a single mobile application

Waspito in Cameroon: an e-health platform that connects the African healthcare ecosystem via an application for telehealth services distribution

Back Office For Business (BOB) in Jordan: a comprehensive online sale and ordering solution to businesses, merchants and any online shop

SudPay in Senegal: a fintech proposing payment solutions for ticketing and local taxes

“Congratulations to the seven winners of the challenge, whom I am very happy to welcome to our community as we launch our new Seed activity” says Jérôme Berger, Chief Executive Officer, Orange Ventures. “Their diversity in terms of countries of origin, as well sectors of activity (consumer, e-health, B2B, fintech) proves the abundance of promising high quality projects on the continent”.

€670,000 will be invested as a result of this highly competitive selection process, subject to the usual conditions precedent.

Applications for Seed funding are now open here on permanent basis for tech driven seed stage startups operating in one of the 18 countries Orange operates in MEA region.

 

Stay tuned for more news on this subject. Follow us on Twitter or sign up to our Newsletter
Read the challenge results press release here in French and in English

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Divestment of Three Scandinavia’s telecom tower business and assets

Investor

2020-11-12 13:00 GMT+01

Patricia Industries, a part of Investor AB, has agreed to divest its 40 percent share of Three Scandinavia’s tower business and assets by:

  • Transferring its share of Three Scandinavia’s passive network infrastructure assets to CKH Networks, an operator of CK Hutchison’s European tower business with assets in Austria, Denmark, Ireland, Italy, Sweden and the United Kingdom.
  • Participating in the divestment of CKH Networks for EUR 10bn to Cellnex, the leading European independent operator of wireless telecommunications infrastructure. The consideration attributable to Patricia Industries will be 5 percent of the total consideration.

“This is a value creative transaction that will further strengthen our balance sheet,” says Investor AB President and CEO Johan Forssell.

“We believe this transaction creates value by finding a good, focused home for the tower assets, and allowing Three Scandinavia to focus on its core business of providing customers with high-quality mobile services. Three Scandinavia will continue investing in its network and services,” says Christian Cederholm, Co-head of Patricia Industries.

For the 12-month period ending September 30, 2020, Three Scandinavia’s reported EBITDA amounted to SEK 4,042m. Following the transaction, the company will establish service contracts with Cellnex for the utilization of the divested passive infrastructure.

The transaction is expected to close on a country by country basis, subject to regulatory approval, into 2021.

About Three Scandinavia
Three Scandinavia, founded in 2000, is a provider of mobile voice and broadband services in Sweden and Denmark. CK Hutchison owns 60 percent and Investor AB 40 percent of the company.  

About Patricia Industries
Patricia Industries is a long-term owner that invests in companies and works to develop each company to its full potential. Patricia Industries is a part of the industrial holding company Investor AB, whose main owner is the Wallenberg Foundations.

For further information:

Viveka Hirdman-Ryrberg, Head of Corporate Communication and Sustainability,
Phone +46 70 550 3500
viveka.hirdman-ryrberg@investorab.com

Magnus Dalhammar, Head of Investor Relations,
Phone +46 73 524 2130
magnus.dalhammar@investorab.com

Our press releases can be accessed at www.investorab.com

Investor, founded by the Wallenberg family in 1916, is an engaged owner of high quality global companies. We have a long-term investment perspective. Through board participation, as well as industrial experience, our network and financial strength, we work continuously to support our companies to remain or become best-in-class. Our holdings include, among others, ABB, Atlas Copco, Ericsson, Mölnlycke and SEB.

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EQT Infrastructure V to co-invest in Deutsche Glasfaser

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eqt

EQT Infrastructure V has signed an agreement to co-invest alongside EQT Infrastructure IV in Deutsche Glasfaser (“the Company”). Post the closing of the transaction, EQT Infrastructure V will hold a 12 percent stake in the Company.

After the acquisition of inexio late last year and of Deutsche Glasfaser (closed in May 2020), EQT Infrastructure IV combined the two companies into the new Deutsche Glasfaser Group. Following the merger of the two companies, additional growth and development opportunities have been identified. EQT Infrastructure V’s participation will help to capture these opportunities and secure support for the new Deutsche Glasfaser Group’s full potential plan.

Deutsche Glasfaser Group will continue to execute, and accelerate, the strategy announced in connection with the closing of the acquisition in May 2020. In short, the strategy includes growth of the Company by pursuing a large-scale deployment of “fiber-to-the-home” internet access in rural Germany.

The closing of the transaction is expected in Q4 2020. With the acquisition of a stake in Deutsche Glasfaser, EQT Infrastructure V is expected to be 10-15 percent invested based on its target fund size, and EQT Infrastructure IV is expected to be 80-85 percent invested.

Contact
EQT Press Office, press@eqtpartners.com

About EQT
EQT is a differentiated global investment organization with more than EUR 62 billion in raised capital and around EUR 40 billion in assets under management across 20 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and North America with total sales of more than EUR 27 billion and approximately 159,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, Twitter, YouTube and Instagram

About Deutsche Glasfaser
Deutsche Glasfaser was founded in 2011 and has since then been pioneering “fiber-to-the-home” roll-out in rural areas in Germany. Today the Company is Germany‘s leading “fiber-to-the-home” platform with a best-in-class roll-out machine, providing its fiber-based broadband to more than 1 million homes passed and employing more than 1,100 FTE.

More info: www.deutsche-glasfaser.de

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