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


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)


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.


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.



Categories: News


EQT Infrastructure acquires Dutch telecom and infrastructure company CAIW


  • 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.

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:

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:


Categories: News


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:

Dr. Reinhard Saller
Phone: +49 89 2000 30-30

Categories: News


EQT Infrastructure to make majority investment in Spirit Communications


  • EQT Infrastructure to invest in majority stake in Spirit Communications, a leading pure-play fiber based data and broadband service provider in South Carolina, North Carolina and Georgia in the U.S.; the current owners will retain a significant stake in the company
  • Spirit operates in the highly attractive fiber infrastructure sector, a core market for EQT where it holds significant industry expertise
  • Spirit and EQT Infrastructure are jointly committed to continue to provide high quality services to current and future customers and to continue the growth of the company

The EQT Infrastructure III fund (“EQT Infrastructure” or “the fund”) has signed a definitive agreement to invest in a majority stake of Spirit Communications (“Spirit” or “the company”) from its founding partners who will retain a significant ownership interest in the company.  Following the transaction, Spirit Communications President and CEO Robert Keane and current Chairman of the Board of Spirit Brian Singleton will each be appointed to the new Board of Directors.

Founded in 1985, Spirit is a leading pure-play provider of fiber based data and broadband services to enterprises, governments, and wireless carriers in the Carolinas and Georgia. The company’s network is comprised of over 9,000 miles of fiber and serves thousands of customers across 17 metro markets.  Spirit’s fiber is directly connected to over 2,400 buildings as well as over 2,500 cell sites.

EQT Infrastructure will invest in the continued development of Spirit’s fiber footprint and services. The company is expected to benefit from the underlying macro trends of growing data traffic and increasing data bandwidth needs.

Robert Keane, President and CEO of Spirit Communications, commented, “After many months of effort to identify the right partner to continue and accelerate Spirit’s capabilities, EQT was identified as the type of partner that would help transform the business. EQT has had a long and storied history beginning with the heritage of the Wallenberg family which has significant investments in many household names in North America, such as, Electrolux, AstraZeneca and Ericsson to name a few. I am very excited to join the new board and to work with EQT on the continued growth of Spirit.”

Jan Vesely, Director at EQT Partners, Investment Advisor to the fund, added: “We are very impressed with what the management team and the current owners have been able to achieve with the company and are thrilled about the opportunity to invest in the future growth and development of Spirit. The company is a perfect match for EQT Infrastructure’s expertise in the fiber sector and strategy to build a platform for growth in the region.”

Brian Singleton, CEO of TruVista and Chairman of Spirit Communications, stated, “Spirit has been an essential part of the fabric of each of our companies since 1985, supporting the needs of the Member Companies while enhancing the communications infrastructure for our customers. This partnership with EQT Infrastructure gives us a unique platform for even greater success in the years to come.”

The parties have agreed not to disclose financial details of the transaction.

The transaction is subject to customary regulatory approval and other closing conditions.

TD Securities and Waller Capital Partners, LLC served as co-financial advisors to Spirit in connection with the transaction. McNair Law Firm, P.A. served as legal counsel to Spirit in connection with the transaction.  Simpson Thacher & Bartlett LLP and Morgan, Lewis, & Bockius LLP served as legal advisors to EQT Infrastructure.

Media Contact
Grey Humphrey
Chief Marketing Officer
+1 (803) 726-4080

EQT Press office: +46-8-506 55 334 (International media)

KEKST: + 1 (212) 521 4800 (US media)
Daniel Yunger or Ross Lovern, /

About Spirit Communications
Headquartered in Columbia, South Carolina, Spirit uses traditional and advanced technologies to connect people around the corner, throughout the Carolinas, and beyond, enabling customers to transform their operations through fast, stable and secure offerings that flex with business demand. With the most advanced technologies, Spirit provides voice, data, Internet and fiber optic solutions along with a full suite of Cloud services to Enterprise, Carrier and Government customers across the Southeast. As a leading provider, Spirit serves thousands of customers in over 150 service locations with over 9,000 miles of fiber throughout South Carolina, North Carolina and Georgia.

More info:

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:


Categories: News


Kinnevik acquires 18.5% in Com Hem

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Kinnevik AB (publ) (“Kinnevik”) today announced that it has agreed to acquire 33.9 million shares, corresponding to an approximate 18.5% interest, in Com Hem Holding AB (publ) (“Com Hem”) from NorCell S.à r.l., the indirect investment holding company of funds advised by BC Partners LLP, for a cash consideration of SEK 110 per share, or SEK 3.7 billion in total.

Com Hem offers broadband, TV, play and telephony services to Swedish households and companies. With its powerful and future-proofed broadband network covering half of the country’s households, Com Hem is an important driver of creating a digital Sweden. Com Hem’s shares are listed on Nasdaq Stockholm under the ticker code COMH.

Kinnevik’s acting CEO, Joakim Andersson, commented:

“Com Hem has a strong market position in the Swedish broadband and TV market, and offers attractive growth and cash flow. The acquisition enables Kinnevik to take a leading position in an asset complementing our existing mobile and media companies.”

Closing is expected to occur on 4 May. The acquisition will be fully financed by cash at hand and existing credit facilities and capital market programs.

Categories: News


Telia Company to acquire Fält Communications AB


Telia Company accelerates its activities within the Smart Cities space by acquiring Fält Communications AB (Fältcom), a leading and well established company in the growing Nordic connected public transportation market.

“Fältcom is a market leader in Scandinavia and has recently seen early success internationally. The combination of great products and services, and talented and passionate people, will position the combined companies to become the leading provider of Smart Public Transport services whilst laying a foundation for further expansion in the Smart Transport & Logistics and Smart City space,” says Brendan Ives, Head of Telia Company’s emerging businesses unit Division X, and continues: “This is also fully in line with our ambition to find digital solutions to societal challenges such as climate change while making cities more liveable”

Swedish company Fältcom was founded in 1998 and is headquartered in Umeå. The company has roughly 40 employees. Fältcom’s systems make it possible for customers to monitor and control devices in one place on the globe from another. The company today has more than 160,000 installations, of which 40,000 are online, in buildings, vehicles, and customized IoT solutions. Fältcom is the market leader in Scandinavia for mobile platforms on buses, and every speed camera in Sweden is equipped with its technology. For 2016, Fältcom had preliminary revenues of SEK 83 million.

Fältcom’s main owners SEB Venture Capital and Nordic VC Industrifonden together own 93 percent of Fältcom and the employees own the remaining 7 percent. The acquisition is expected to close in February. The parties have agreed not to disclose the purchase price.

“Fältcom and Telia Company share a common belief that open platforms and ecosystems are key to unleashing the endless possibilities of IoT. Having achieved a market leading position, we are really excited to be part of Telia Company. Together we’ll strengthen our market position, open up significant growth potential and accelerate the rate at which we can create value for our customers and partners,” says Mikael Långström, CEO of Fältcom.

Categories: News


AddSecure sold to ABRY Partners

Viking Venture is pleased to announce the sale of portfolio company AddSecure to ABRY Partners, a Boston US based private equity firm. AddSecure is the Nordic market leader providing secure mission-critical machine to machine communications for security and other applications across a wide range of verticals including healthcare, public safety, transportation and utilities. 

AddSecure manages a highly secure communications platform enabling the automated control and remote monitoring and management of sensors and other devices deployed in the field.

The company was established after the merger of the Viking Venture backed company Safetel AS and Multicom Security in 2014. Safetel AS was founded in 2000 based on a fundamental belief that mobile communication networks would be well suited to provide secure critical communication. Safetel received funding from Viking Venture, B. Skaugen AS and Follum Invest and grew quickly to become a strong Nordic player.

Following the merger, AddSecure has grown into employing around 120 people, having 120,000+ active subscribers and a strong network of over 1,000+ channel partners in Norway and Sweden. The company had revenues of SEK 374 mill. in 2015 with an EBITDA of SEK 124 mill.

“AddSecure is a great example of how we can develop world class Norwegian technology into internationally leading businesses through organic and inorganic growth”, said Erik Hagen, Managing Partner at Viking Venture.

“AddSecure has managed to achieve a unique position within the Scandinavian secure communications market. Scandinavian tech companies are at the forefront of global development, and we truly believe AddSecure has the potential to establish itself as an international M2M communications player in the coming years”, said Rob Nicewicz, Principal at ABRY Partners.

Read more in Adresseavisen June 17 2016 (only in Norwegian).

About Viking Venture
Viking Venture is one of the leading Nordic venture funds and invests in growth companies within IT and Oil and Gas with a potential to grow internationally. Viking Venture is managing funds with NOK 1.4 and has invested in 40 companies. Viking Venture is based in Trondheim, Norway and has presence in the US and the UK. See

About AddSecure
AddSecure is a leading Nordic company within secured critical communication systems. The business emerged at the beginning of the 1970s and has today more than 100 000 business clients and 120 employees in Scandinavia. The company’s communications services for alarm and mobile data protects life, property and public functions. The offered solutions are flexible, easy to install and increases the clients’ competitive strength. The ambition is to be the preferred choice in the Nordics and a leading player in the Northern Europe. For more information please visit

About ABRY Partners
Founded in 1989, ABRY Partners is one of the most experienced and successful media, communications, business and information services focused private equity investment firms in North America. Since its founding, ABRY has completed over $61 billion of transactions, representing investments in over 550 properties.

Contact persons:
Erik Hagen, Managing Partner Viking Venture +47 920 22 430

Categories: News