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New Deal


Announced

Northleaf completed the $500m investment in Tillman FiberCo.

Financials

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Transaction Value£392m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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broadband internet

Internet

telecommunications

Cross Border

United States

Acquisition

Private

Minority

Private Equity

Friendly

Single Bidder

Completed

Synopsis

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Northleaf, a global private markets investment firm, completed the $500m investment in Tillman FiberCo, a symmetrical gigabit broadband developer. “We're delighted to partner with Tillman Global Holdings and the Tillman FiberCo management team, both of which have deep industry relationships and decades of operational expertise. Tillman FiberCo’s wholesale business model, which is supported by a large anchor customer order, ensures the long-term revenue stability that our investors look for in our infrastructure portfolio. This investment is an excellent fit with Northleaf’s communications infrastructure strategy, providing our investors with exposure to an attractive sector while mitigating downside risk,” Chris Rigobon, Northleaf Managing Director.

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