3i Infrastructure completed the acquisition of a 60% stake in DNS:NET from Deutsche Beteiligungs for $213m.

3i Infrastructure, a closed-ended investment company, agreed to acquire a 60% stake in DNS:NET, a provider of elecommunications, Internet and data-centre services, from Deutsche Beteiligungs, a private equity firm, for $213m. “For businesses and consumers alike, fibre connectivity is increasingly a necessity as data and computing power moves to the cloud. Alexander has built a highly successful business over more than 20 years and we look forward to partnering with him and his management team as DNS:NET rolls out its fibre-to-the-home offering in Berlin and the surrounding area," Phil White, 3i Investments Managing Partner and Head of Infrastructure.