Jamieson is pleased to announce that it has advised the management team of CityFibre on the public to private sale of the business to Goldman Sachs backed consortium, West Street Infrastructure Partners and Antin Infrastructure Partners. The transaction was valued at £538m.
“Jamieson were instrumental in negotiating and agreeing the incentive scheme on behalf of the Management team. Their support was unwavering throughout the entire process, and their knowledge and professionalism allowed us to achieve a very successful outcome for the team.”
Andrew Cox and Laura Yell advised Chief Executive Greg Mesch, Chief Operating Officer Simon Holden and the senior management team on their investment in the new structure as well as the terms of the new management equity incentive.
CityFibre, which listed in 2014, is building its own fiber-optic broadband network in Britain, taking on national provider BT in selected towns and cities. The company plans to build full-fiber networks serving 20 percent of the UK market under its new private ownership.