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HIG backs fiber-to-the-home broadband contractor Infratech Bau to ride on government rollout drive

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HIG Capital has agreed to buy German fiber-to-the-home broadband network Infratech Bau to capture the market driven by the German government’s ambition to provide high-speed internet access to majority of households over the coming years.

Founded in 2007, Infratech builds FTTH networks on behalf of public and private German operators. Based in Meppen, it has served the Northern and Western Germany markets over recent years.

Infratech founders and managing directors Gregor Klaßen and Andreas Muchall will remain in their management positions and retain a significant share in the company.

Holger Kleingarn, managing director at HIG, said, “The FTTH market shows tremendous growth potential, based on the various digitization efforts in Germany.

“Together with the management team, we will further build Infratech’s position as a leading independent provider of FTTH infrastructure services organically and through selected acquisitions nationwide.”

HIG hit a €1.1bn final close for HIG Europe Capital Partners III last year to target lower mid-market European investments. It has also reportedly secured $1.6bn in capital commitments out of the target of $2.2bn from 70 investors for the HIG Europe Middle Market LBO Fund.

HIG’s recent deals include the $295m sale of program management provider Whitney, Bradley & Brown to trade buyer Serco last month, and the buyouts of business process outsourcing provider KM 2 Solutions and SME digital marketing specialist Hibu Group.

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Source: https://www.altassets.net/private-equity-news/by-news-type/deal-news/hig-backs-fiber-to-the-home-broadband-contractor-infratech-bau-to-ride-on-government-rollout-drive.html

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Bertram Capital to follow TA Associates in sale of Paula’s Choice stake to Unilever after nine-year-hold

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Bertram Capital has agreed to sell its stake in digital-led skin care brand Paula’s Choice to global personal care gia

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Riverside buys into ToolWatch to tap into under-penetrated construction tool management market

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The Riverside Company has bought into construction tool tracking and operations software company ToolWatch Corporation t

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Wall Street Journal video: Why the Fed Is Considering a Digital Dollar whose pros are lowering transaction fees for small-biz & access to 8.4M Unbankable US households

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Wall Street Journal video: What United Airline’s Boom Supersonic Jets using sustainable fuel Might Look Like

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