M&A Deal Summary

Antin Infrastructure Partners and DigitalBridge Group Acquire Fibernow

On January 1, 2021, infrastructure investors Antin Infrastructure Partners and DigitalBridge Group acquired communications company Fibernow

Acquisition Highlights
  • This is Antin Infrastructure Partners’ 6th and DigitalBridge Group’s 8th transaction in the Communications sector.
  • This is Antin Infrastructure Partners’ 3rd and DigitalBridge Group’s 6th transaction in the United States.
  • This is Antin Infrastructure Partners’ 1st and DigitalBridge Group’s 2nd transaction in Florida.

M&A Deal Summary

Date 2021-01-01
Target Fibernow
Sector Communications
Buyer(s) Antin Infrastructure Partners
DigitalBridge Group
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Lazard
RBC Capital Markets (Financial)
Latham & Watkins (Legal)

Target

Fibernow

Miami, Florida, United States
Fibernow is a fiber broadband provider serving large areas of south and central florida. The company offers a wide range of products and services, including high-speed internet, cloud-based video, and digital telephony services. It serves a variety of communities including homeowners and condo-owners associations, student housing, and assisted living facilities. Fibernow was formed in 2004 and is based in Miami, Florida.

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Buyer(S) 2

Buyer

Antin Infrastructure Partners

Paris, France

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 2007
PE ASSETS 31.0B EUR
Size Mega
Type Sector Focused
DESCRIPTION

Antin Infrastructure Partners is an infrastructure investment firm focused on opportunities throughout the Europe. Antin looks for assets with low technology risk and limited operating risk. Specific areas of interest include transportation (toll roads, airports, ports, car parks), energy/environment (gas storage, LNG terminals, energy transmission, distribution, water infrastructure, waste management), and telecom (GSM towers, ADSL networks, broadcast networks, cable networks, and satellites). The lead sponsor of Antin is BNP Paribas. Antin Infrastructure Partners was established in 2007 and is based in Paris.


DEAL STATS #
Overall 27 of 41
Sector: Communications M&A 6 of 7
Type: Buyout (LBO, MBO, MBI) M&A Deals 10 of 15
State: Florida M&A 1 of 2
Country: United States M&A 3 of 7
Year: 2021 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-15 Hippocrates Holding

Milan, Italy

Hippocrates Holding is an independent pharmacy platform. With over 120 pharmacies, the company currently serves local communities across northern and central Italy. Pharmacies provide an essential service to local communities. Pharmacies are a key pillar of the national health system by providing a first point of contact for basic healthcare needs and advice to patients. Hippocrates Holding was founded in 2018 and is based in Milan, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-26 Pulsant

Maidenhead, United Kingdom

Pulsant is a provider of connectivity, hosting and managed IT services to medium-sized businesses, acting as the outsourced partner responsible for IT infrastructure and hosting critical IT hardware in secure physical facilities or data centres to ensure a consistent IT environment with no downtime. Pulsant was established in 1995 and is based in Maidenhead, United Kingdom.

Buy -
Buyer
DESCRIPTION
DigitalBridge's headquarters in Boca Raton, Florida.
DigitalBridge's headquarters in Boca Raton, Florida.

DigitalBridge Group is a global digital infrastructure investment firm. The Firm looks to acquire a variety of assets and operating businesses spanning cell towers, data centers, fiber, small cells, and edge infrastructure. DigitalBridge is headquartered in Boca Raton, Florida.


DEAL STATS #
Overall 13 of 23
Sector: Communications M&A 8 of 14
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 5
State: Florida M&A 2 of 3
Country: United States M&A 6 of 10
Year: 2021 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-10 DataBank

Dallas, Texas, United States

DataBank is a provider of an enterprise-class data center, cloud, and interconnection services, offering customers 100% uptime availability of data, applications, and infrastructure. DataBank’s managed data center services are anchored in world-class facilities. DataBank’s customized technology solutions are designed to help customers effectively manage risk, improve their technology performance and allow them to focus on their core business objectives.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 Boingo Wireless

Los Angeles, California, United States

Boingo Wireless is a global network of wireless access points that provide high-speed, high-bandwidth wireless connectivity to smartphones, tablets, laptops, wearables, the Internet of Things, and other wireless-enabled devices. Boingo Wireless was founded in 2001 and is based in Los Angeles, California.

Buy $854M