Jamieson is pleased to announce that it has advised the management team of Deutsche Glasfaser on the acquisition of the business by EQT and OMERS from KKR and Reggeborgh.
Deutsche Glasfaser is the fastest-growing provider of fiber optic internet connections for retail and business customers in Germany. In the retail customer segment, growth is driven by rising data volumes and the growing use of video streaming, whilst in the business segment, fiber optic connections for small and medium-sized businesses are the key driver of growth. Just over a decade after its establishment, Deutsche Glasfaser is well positioned in rural and small-town communities in Germany, providing internet access to 1 Million households and 20,000 businesses.
Deutsche Glasfaser will be combined with EQT Infrastructure IV portfolio company inexio to form a leading FTTH player in rural Germany. EQT Infrastructure will own 51% in the combined group and OMERS will own 49%
Felix Rose, Stuart Coventry, Daniel Meschaninov and Sabrina Goetz advised the Deutsche Glasfaser management team on the terms of the management investment and incentive arrangements to be implemented.