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New Deal


Announced

Completed

CityFibre completed the acquisition of 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

internet service provider

United Kingdom

Domestic

Single Bidder

Majority

Private Equity

Completed

Synopsis

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CityFibre, an independent full fibre platform, completed the acquisition of Lit Fibre, an internet service provider, from Newlight Partners, a private equity firm. Financial terms were not disclosed. “We’re delighted to have concluded our acquisition and we’d like to welcome everyone at Lit to the CityFibre team. We’re also pleased to welcome Newlight Partners, with their deep understanding of the fibre infrastructure market, as our newest CityFibre shareholders," Greg Mesch, CityFibre CEO.

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