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Oakley advises Glide on its sale to US infrastructure investor Alinda
June 1st, 2020
Company Name
Glide
Company Sector
Telecoms
Deal Size
Undisclosed
Location
UK / US

Oakley Advisory Limited (“Oakley”), the independent corporate finance firm offering specialist advice across the TMT and Online sectors, has advised Glide, the UK’s leading provider of broadband, fibre networks and utilities for student and residential accommodation and business parks, on its sale to US infrastructure investor Alinda Capital Partners (“Alinda”). The transaction, which took place during a very challenging M&A environment with COVID-19,  highlights Oakley’s strong position in the digital infrastructure sector and track record of selling private equity-backed businesses.

Glide designs, installs and manages fibre networks required to deliver broadband connectivity together with other critical products and services to student accommodation, the private rental sector and small and medium sized enterprises. Glide has built the UK’s leading national fibre network in this specialist market, reaching approximately 100,000 premises and approximately 250,000 customers.

The transaction represents an exit for majority shareholder Inflexion Private Equity Partners, who invested in the company, named CableCom, in 2013 and supported the business through its strong sector and transaction experience to complete two strategic acquisitions of Glide and WarwickNet.

Alinda is a US based, independent alternative asset manager focused on mid-market core-plus infrastructure investments in North America and Europe.

The Oakley team included Chris Godsmark, Anthony Yaneza, Oliver Temple and Joss Harris.

Chris Godsmark, Oakley Managing Partner, commented:

“We are delighted to have worked with Glide, Inflexion and also with Alinda on this transaction. The management team, led by Tim Pilcher and with the support of Inflexion, has done a fantastic job of making Glide the leading provider of infrastructure to difficult to serve markets. The Glide process completed despite the challenges presented by the Covid lockdown.”

Tim Pilcher, Glide CEO said,

“Oakley are a high-quality team of strategic advisors with deep sector expertise, exceptional buyer knowledge and a passion for delivering, which was evident throughout the entire process. They are an absolute pleasure to work with and genuinely became part of our team to deliver an outstanding result all round”

Catherine Richards, Inflexion Partner said,

“We are very pleased with the outcome from this transaction and greatly appreciate Oakley’s work, particularly in these unprecedented times. The Oakley team demonstrated deep industry knowledge and relationships throughout the US and Europe. I’d like to thank the team for their expertise, professionalism and support throughout the transaction.”


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