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Oakley advises CityFibre on its proposed acquisition of Entanet
Transaction Type:
July 2017
Deal Value:

Oakley Advisory Limited (“Oakley”), the independent corporate finance firm offering specialist advice across the TMT sector, has advised CityFibre Infrastructure Holdings plc (“CityFibre”) on its proposed acquisition of Entanet International Limited (“Entanet”).

Since its formation in 2011, CityFibre has become established as an independent provider of wholesale fibre infrastructure for internet service providers as well as for mobile operators, providing fibre connectivity services through designing, building, owning, and operating fibre optic network infrastructure. CityFibre’s strategy is to become the leading alternative wholesale full fibre network provider to Openreach.

Entanet is a wholesale communications provider that uses third party networks to deliver a wide range of connectivity and telecommunication products and services to internet service providers. The proposed acquisition will bring together two complementary wholesale capabilities: CityFibre’s national wholesale fibre infrastructure and Entanet’s established wholesale product portfolio and commercial relationships with an extensive number of internet service providers.

Oakley played a key role in putting together this off-market transaction and the subsequent execution. The Oakley team comprised Chris Godsmark, Managing Partner, Christian Craggs, Managing Director, and Marc Jones, Assistant Director.

Greg Mesch, CityFibre CEO, commented:

“We have a highly valued, longstanding relationship with the team at Oakley, who proved invaluable in this unique and complex transaction. Their deep experience in, and comprehensive knowledge of, the UK telecoms market, coupled with their intimate understanding of our strategy and objectives, made them the obvious partner in the Entanet acquisition.”

Oakley Advisory

Oakley is one of Europe’s leading independent corporate finance firms offering expert, specialist advice across a range of sectors including Telecoms, Technology, Online, Media, Datacentres and Hosting. We are unique in the mid-market in offering highly specialised sector insight and knowledge combined with our Equity Capital Markets capability, meaning we can provide the fullest possible suite of advice across both public and private markets.

This transaction marks the seventeenth deal we have announced or completed in the last twelve months, which includes advising GCI on its acquisition of Blue Chip, Esendex on its sale to HgCapital, Zegona on its sale of Telecable to Euskatel, Ingresso on its sale to accesso Technology Group, Gigaclear on its equity fundraising, Infinity on the sale of its Stockley Park Data Centre to Zenium, Lyceum on its acquisition of Timico, Just Eat on its acquisition of SkipTheDishes and Daisy on its takeover of Alternative Networks.

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