08 Aug 2019
Investec advises KCOM on takeover by MEIF 6 Fibre
Investec Corporate and Investment Banking (“Investec”) has advised KCOM Group Public Limited Company (“KCOM”) on its £627 million takeover by MEIF 6 Fibre Limited (“MEIF 6 Fibre”), acting as joint financial adviser and joint broker to KCOM. The transaction was approved by the UK High Court on 1 August.
Established in 1904, KCOM provides internet-based services to 140,000 consumers and businesses in Hull and East Yorkshire, as well cloud and communication services to large enterprises and public sector organisations.
MEIF 6 Fibre is a wholly owned indirect subsidiary of Macquarie and submitted a winning bid of 120.3 pence per share, which represented a premium of 66 per cent to the closing price prior to the offer period.
For more information, please contact:
Luke O’Mahony, Investec (Public Relations) - 020 7597 5261
Fatima Ismat, Lansons (PR agency for Investec CIB) - 020 7566 9709
Investec Corporate and Investment Banking
Investec CIB is an international corporate and investment bank working with growth-orientated companies, institutions and private equity funds. Our people set us apart – empowered, straightforward and invested in our clients’ long-term success. We provide capital solutions, advice and ideas, along with bespoke investment solutions and access to capital markets. Founded in 1974, The Investec Group has grown successfully through its client focussed approach and its ability to serve diverse and evolving financial needs.
This press release is issued on behalf of Investec Bank plc. Registered address: 30 Gresham Street, London, EC2V 7QP. (Reg No. 489604). Investec Corporate and Investment Banking is a brand name of Investec Bank plc, which is a member of the London Stock Exchange.
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.