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New Deal


Announced

CityFibre to acquire Lit Fibre from Newlight Partners.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Private

Telecommunications Services: Other

Friendly

fibre network operator

Pending

internet service provider

United Kingdom

Domestic

Single Bidder

Majority

Private Equity

Synopsis

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CityFibre, an independent full fibre platform, agreed to acquire Lit Fibre, an internet service provider, from Newlight Partners, a private equity firm. Financial terms were not disclosed. “The UK market needs a third infrastructure platform of scale to ensure competition matures and that it continues to deliver for consumers and the country. Our acquisition of Lit is a clear demonstration of our intent to establish CityFibre as the core of that third platform," Greg Mesch, CityFibre CEO.

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