PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

UBS Asset Management acquires additional fibre optic network

UBS Asset Management’s Real Estate & Private Markets (REPM) has acquired sewikom, a fibre-to-the-home (FTTH) operator in North Rhine-Westphalia.

The acquisition is a continuation of UBS Asset Management’s strategy of investing in German rural FTTH operators, following last year’s acquisition of Lünecom, which enables the business to deepen its construction expertise whilst also continuing its own successful fibrw network roll-out under new management.
 
UBS Asset Management will invest further capital in sewikom to allow it to continue the expansion of its fibre network and reach approximately 250,000 homes across the Hoxter and Lippe districts in Germany. UBS is acquiring sewikom through its portfolio company, Northern Fibre Holding, where UBS recently brought on a new management team to drive a more ambitious roll-out across Northern Germany.

Advisors on the deal include Herbst Hilgenfeldt Partners (M&A), Hogan Lovells (Legal) and Arthur D Little (Commercial).

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured

Blackstone Private Equity