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Foresight Group completed the acquisition of a minority stake in Lightning Fibre for $52m.

Synopsis

Foresight Group, an infrastructure and private equity investment manager, completed the acquisition of a minority stake in Lightning Fibre, an internet service provider, for $52m. “This is a very exciting time for Lightning Fibre and highlights our rapid progress and success so far. We have not only built a network, we’ve built a brand. A brand that appeals to our local markets through a clear product and price differentiation as well as a genuine, evidence-based community-centric approach and exceptional customer care," Ben Ferriman, Lightning Fibre CEO.

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