Investment in pan-Nordic Digital Infra Company

Pantheon Infrastructure PLC

22 June 2023

 

22 June 2023

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PANTHEON INFRASTRUCTURE PLC

Investment in pan-Nordic Digital Infrastructure Company

Pantheon Infrastructure PLC ("PINT" or the "Company"), the listed global infrastructure fund, has committed to invest approximately €23.1m (£19.9m at current exchange rates) in telecommunications infrastructure operator GlobalConnect, through a co-investment vehicle managed by affiliates of EQT AB Group (XSTO:EQT) ("EQT"), a leading global investment organization managing c.€119bn in fee-generating assets under management.

GlobalConnect is a digital infrastructure company with the most extensive fibre network across the Nordics. The Company serves B2C and B2B customers across three complementary business segments:

·    Fibre-To-The-Home

·    Fibre-To-The-Business ("FTTB")

·    Hyperscalers (large cloud providers), operators (including Mobile Network Operators) and data centres.

GlobalConnect has a large and diverse network across the Nordics and Germany consisting of c.149,000km of fibre cables, c.1,040,000 homes passed, c.34,500 sqm data centre estate and over 30,000 FTTB customers, with strong market positioning in its three core business segments. More broadly, the fibre sector is expected to benefit from tailwinds that continue to drive growth, including subsidy-backed fibre coverage deployment, fast-growing capacity and coverage demand from hyperscalers, and demand for connectivity solutions from FTTB customers.

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

"This high-quality asset complements our existing portfolio of attractive digital infrastructure assets, and further underpins the strong downside protection we have built over the past year through robust indexing, contracted cash flows and a hard to replicate network. Tailwinds across the digital sector provide a supportive backdrop for GlobalConnect going forward."

For further information, contact: 

Pantheon Ventures (UK) LLP Investment Manager Richard Sem, Partner Harriet Alexander, Vice President	[phone] [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 Henry Crane	[phone] [e-mail] [phone] [phone] [phone]

Notes to editors

Pantheon Infrastructure PLC (PINT)

Pantheon Infrastructure PLC 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. Its Ordinary Shares trade under the ticker 'PINT'. 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.

Further details can be found at www.pantheoninfrastructure.com.

LEI 213800CKJXQX64XMRK69

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 US$92.8 billion in assets under management and advice (as at 31 December 2022) and employs over 460 staff, including around 140 investment professionals, across offices in London, San Francisco, New York, Chicago, Hong Kong, Seoul, Bogotá, Tokyo, Dublin, Berlin and a presence in Tel Aviv.

Further details can be found at www.pantheon.com.

 

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