Investment in European Digital Infrastructure Co.

RNS Number : 2707J

Pantheon Infrastructure PLC

26 April 2022

 

26 April 2022

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR TO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY MEMBER STATE OF THE EEA OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE OF THIS ANNOUNCEMENT WOULD BE UNLAWFUL.

PANTHEON INFRASTRUCTURE PLC

Investment in European Digital Infrastructure Company

Pantheon Infrastructure PLC ("PINT" or the "Company"), the listed global infrastructure fund, has invested €26.5m (£22.4m at current exchange rates) in a digital infrastructure company that owns and operates regional fibre-to-the-home ("FTTH") broadband infrastructure in Western Europe.

The investee company provides broadband internet access to nearly one million homes as well as additional telecom services (TV; fixed and mobile telephony) through its fibre-based network infrastructure of circa 50,000 km. It is an established player in its home market and is well positioned to capitalise on an accelerated fibre roll out programme, with an ambition to reach a footprint of two million fibre connections by 2025. This broadband is more sustainable and energy efficient than legacy networks, with approximately 40-60% lower energy consumption.

The investment is in line with PINT's stated strategy of building a diversified portfolio of infrastructure assets, with a focus on sectors benefitting from structural growth drivers. Digital infrastructure has transitioned from being niche to a core sub-sector in recent years and is benefitting from strong growth in mobile data consumption, migration to the cloud and the deployment of high-speed networks.

PINT co-invested with Stonepeak, a leading alternative investment firm, alongside EQT.

Richard Sem, Partner at Pantheon, PINT's investment manager, commented:

"We are pleased to announce the completion of PINT's latest investment. We believe this is a highly accretive growth opportunity in a segment of the digital infrastructure space that represents an exciting growth opportunity. We are particularly pleased to have partnered with such a reputable sponsor in Stonepeak and with the highly experienced company management team."

For further information, contact: 

Pantheon Ventures (UK) LLP Investment Manager Richard Sem, Partner Ashley Wassall, Head of Client Communications	[phone] [e-mail] [e-mail]
Investec Bank plc Corporate Broker Tom Skinner (Corporate Broking) Lucy Lewis, Denis Flanagan (Corporate Finance)	[phone]
TB Cardew Public relations advisor Ed Orlebar Tania Wild Max Gibson	[phone] [e-mail] [phone] [phone] [phone]

Notes to editors

PINT

PINT is a closed-ended investment company and an approved UK Investment Trust, listed on the Premium Segment of the London Stock Exchange's Main Market.  The independent Board of Directors of PINT have appointed Pantheon, one of the leading private markets investment managers globally, as investment manager. PINT aims to provide exposure to a global, diversified portfolio of high-quality infrastructure assets through building a portfolio of direct co-investments in infrastructure assets with strong defensive characteristics, typically benefitting from contracted cash flows, inflation protection and conservative leverage profiles.

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Pantheon

Pantheon is a leading global private equity, infrastructure & real assets, private debt and real estate investor with 40 years' experience sourcing and executing private market investment opportunities on behalf of clients. Pantheon has $81.2 billion in assets under management and advice (as at 30 September 2021) and employs approximately 400 staff, including more than 115 investment professionals across offices in London, San Francisco, New York, Chicago, Hong Kong, Seoul, Bogotá, Tokyo, Dublin and Berlin.

 

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