15 Jan 2021
Investec acts as sole Financial Advisor to Basalt
Investec acts as sole Financial Advisor to Basalt on its Acquisition of Full Fibre, a wholesale fibre-to-the-premises (FTTP) owner and operator.
Basalt, a leading infrastructure fund with a transatlantic focus on mid-market infrastructure, engaged Investec as sole Financial Adviser for its successful acquisition of a majority stake in Full Fibre.
Full Fibre is an owner and operator of fibre networks in England, and is looking to roll out and provide fibre-to-the premises (FTTP) to small and medium sized market towns primarily in the south-west and west of England, expanding its existing presence in the region. Basalt is making the acquisition via its third fund, Basalt Infrastructure Partners III.
Steven Lowry, Partner of Basalt Infrastructure Partners LLP and adviser to Basalt, said:
“We are excited by the opportunity to acquire FullFibre through a bilateral acquisition process and are keen to support the Company’s business plan through further capital investment. We look forward to working closely with the management team and employees to deliver reliable and high speed FTTP to underserved market towns in the south-west and west of England.”
Oliver Helm, Chief Executive Officer of FullFibre, commented:
“We are delighted to partner with Basalt whose experience in digital infrastructure will bring valuable support to the development of FullFibre.”
For further information please contact:
Luke O’Mahony, public relations
020 7597 5261
Investec partners with private, institutional and corporate clients to offer international banking, investments and wealth management services in two principal markets: South Africa and the UK, as well as certain other countries. The group was established in 1974 and currently has approximately 8,300 employees. In 2002, Investec implemented a dual listed company structure with listings on the London and Johannesburg Stock Exchanges. In March 2020, the Asset Management business was demerged and separately listed as Ninety One.
This press release is issued on behalf of Investec Bank plc. Registered address: 30 Gresham Street, London, EC2V 7QP. (Reg No. 489604).
Investec Bank plc (Reg. no. 489604) is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.