Announced
Completed
Financials
Tags
Single Bidder
Private Equity
Completed
Majority
Private
Acquisition
Friendly
Cross Border
Disposal
Internet
United Kingdom
internet service provider
Synopsis
Northleaf, a global private markets investment firm, completed its acquisition of a majority stake in Quickline Communications, a Yorkshire-based internet service provider, from Harwood Capital-backed Bigblu Broadband, a UK-based provider of broadband services, for £49m. "Receiving this kind of investment from Northleaf provides us with the ability to supply life-changing gigabit-capable broadband to hundreds of thousands of rural customers that previously were unable to access the internet at speed. We look forward to working alongside Northleaf to create this unique hybrid next-generation network, provide hundreds of jobs and build a business that provides new breakthroughs in internet connectivity for broadband users in remote pockets of the UK," Sean Royce, Quickline CEO.
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