AMP Capital’s Everstream acquisition… a case study in institutionalising PE-owned businesses

Fibre network

Global investment manager AMP Capital, one of the world’s top 10 infrastructure investors with over USD140 billion in AUM, had been looking closely at the US fibre sector for quite some time before it eventually decided to acquire Everstream last year. 

The rationale was clear: although AMP Capital already owned two fibre platforms in Europe (Ireland and Spain respectively), it saw a much greater relative value play in the US. Multiples were similar to Europe, but in AMP Capital’s view, the growth rate forecasts for US assets were quite considerably higher than those in Europe.  

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James Williams
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