Announced
Completed
Financials
Sources
Tags
Completed
United Kingdom
Single Bidder
Majority
Telecommunications Equipment
Private Equity
Acquisition
Private
fibre network services
Friendly
Disposal
Cross Border
Synopsis
US infrastructure investor Alinda Capital completed the acquisition of Glide, which designs, installs and manages fibre networks required to deliver broadband connectivity, from Inflexion for £200m. "We are pleased to have supported Glide’s strong growth journey, which has seen the company transformed into the UK fibre leader serving niche markets and benefitting from the exponential growth in broadband usage. That Glide attracted strong interest at this time is vindication of its position as a robust leader in its field. Its transformation though the strategic M&A we supported has given it a very strong and defensible position, making it well placed to continue to grow further with its new backers," Simon Turner, Inflexion Managing Partner.
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