Pantheon Infrastructure PLC Investment in pan-Nordic Digital Infra Company (5167D)
22 Juin 2023 - 8:00AM
UK Regulatory
TIDMPINT
RNS Number : 5167D
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 EUR23.1m (GBP19.9m 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. EUR 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 +44 (0) 20 3356 1800
Investment Manager pint@pantheon.com
Richard Sem, Partner
Harriet Alexander, Vice President
Investec Bank plc
Corporate Broker
Tom Skinner (Corporate Broking)
Lucy Lewis, Denis Flanagan (Corporate
Finance) +44 (0) 20 7597 4000
TB Cardew +44 (0) 20 7930 0777
Public relations advisor pint@tbcardew.com
Ed Orlebar +44 (0)7738 724 630
Tania Wild +44 (0)7425 536 903
Henry Crane +44 (0)7918 207157
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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