Kirkland & Ellis is advising Antin Infrastructure Partners (“Antin”) on the renewal of its commitment as majority shareholder in Eurofiber. As part of the transaction, the PGGM Infrastructure Fund will invest alongside Antin as a new shareholder to support the next phase of Eurofiber’s growth.
Antin acquired Eurofiber in May 2015. Under Antin’s ownership, Eurofiber has added more than 19,000 kilometres of fiber network and eight datacenters, having invested close to €400 million from 2014-2019 and completed a number of add-on acquisitions. Today, Eurofiber is one of the leading B2B digital infrastructure companies in Europe with a network spanning over 37,000 kilometres and connecting more than 28,000 business customers.
The transaction is expected to close at the end of October 2020.
The Kirkland team was led by transactional partners David Higgins and Laurent Victor-Michel, debt finance partner Neel Sachdev and antitrust & competition partner Paula Riedel. The team was supported by transactional associates Dan Clarke and Chris Connolly.