• New York
  • Berlin
  • London
LDC
Sector:
Telecoms
Transaction Type:
Acquisition
Date:
September 2021
Deal Value:
Undisclosed

Oakley Advisory Limited (“Oakley”), the independent corporate finance firm offering specialist advice across the TMT and Online sectors, has advised private equity firm LDC on its investment in Wifinity, the fast-growing wireless internet service provider.

Wifinity specialises in providing reliable, high-speed broadband to customers on campuses and other multi-dwelling sites, such as student and key worker accommodation and holiday parks. Based in Kingston upon Thames, Wifinity has built a loyal customer base, serving over seven million users since it was founded in 2007. It is also a managed service provider to leading retailers, and other leisure and hospitality businesses. The business has annual revenues of more than £21m.

LDC is backing the existing management team, led by CEO Costas Demetriou. With LDC’s support, the business plans to invest significantly in its wireless networks across the UK to further increase broadband quality and speed for new and existing customers.

The Oakley team comprised Anthony Yaneza, Phoebe Orr, Arno Reynders and Ben Schauerman.

Anthony Yaneza, Oakley Director, commented:

“We are delighted to have worked with the LDC team on this transaction. Wifinity has a highly supportive partner to accelerate its exciting growth plans into new locations and further increase broadband quality and speed for new and existing customers. The transaction again demonstrates our expertise in connectivity and digital infrastructure.

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