Infrastructure fund Antin Infrastructure Partners has reached an agreement with Doughty Hanson and Reggeborgh to acquire all shares in Eurofiber Group for a sum of €875 million. Eurofiber will continue to act as an independent organization, and business operations and strategy will be maintained under the current management. The new shareholder offers Eurofiber the opportunity to further accelerate its growth in telecommunications infrastructure in and outside of the Netherlands. The transaction is expected to close at the end of May 2015.
Alex Goldblum, CEO of Eurofiber Group: “We are very enthusiastic about the acquisition by Antin Infrastructure Partners. Antin IP has fully endorsed our business model of open telecommunication networks and, with its long-term horizon and investment appetite, gives our customers, employees and other important stakeholders certainty over future operations.”
According to Stéphane Ifker, Partner at Antin Infrastructure Partners who led the transaction: “We have long identified optical fiber networks as a highly attractive asset class. It exhibits very robust infrastructure characteristics, as it provides an essential service in hosting increasing data flows and meeting soaring business connectivity requirements. Eurofiber is a well-established player in a high growth market which benefits from a unique nationwide network with high capillarity.”
Alain Rauscher, Managing Partner and CEO of Antin Infrastructure Partners, commented: “We have seen firsthand that the company has a highly talented management team with a track record of successful add-on acquisitions and integrations. We look forward to working with the management in the same vein, having identified the opportunity to further expand the network footprint both organically and through M&A.”
Reggeborgh Group Executive, Henry Holterman: “We have seen Eurofiber develop from a young company to a national player. The fiber industry is increasingly developing towards an infrastructural market. It is therefore only logical that a more strategic partner like Antin IP will take over now.”
“We have enjoyed working with Alex Goldblum and his excellent team at Eurofiber to deliver significant value for all our stakeholders and we wish them well in the future,” says Pascal Keutgens, Senior Principal at Doughty Hanson.
“We are also thankful to our departing shareholders Doughty Hanson and Reggeborgh for their support, advice and challenge over the past years”, ends Goldblum.