PGGM Snags Minority Stake in Eurofiber
Posted on 09/28/2020
Dutch investor giant PGGM, through its infrastructure fund, had purchased a minority stake in Eurofiber, an operator of fibre optic cables and data centres in the Netherlands and France. The seller is Antin Infrastructure Partners. Antin Infrastructure Partners hired UBS to find buyers. The estimated enterprise value of Eurofiber is around 2 billion euros.
Antin Infrastructure Partners acquired Eurofiber in May 2015 for 875 million euros. Eurofiber is the largest independent provider of fixed telecom infrastructure dedicated to business customers (B2B) in the Netherlands and Belgium.