Antin Infrastructure Partners to Acquire OpticalTel
Posted on 12/05/2022
Founded in 2004 by Mario Bustamante and based in Coral Gables, Florida, OpticalTel is a provider of high-speed internet and telecommunication services, with a focus on residential bulk contracts to customers located in homeowners and condo-owners associations. Antin Infrastructure Partners (Paris:ANTIN) has acquired a majority interest in OpticalTel, a fiber broadband provider in Florida. OpticalTel is Antin’s sixth investment through its mid cap fund.
Bustamante will retain an ownership stake in OpticalTel and remain on the board of directors. Luis Rodriguez, CEO and President, will continue to lead the company with the support of its long-tenured management team. As an experienced fiber investor, Antin will leverage its expertise to support OpticalTel’s business plan.
Advisors
Lazard and RBC Capital Markets served as financial advisors to OpticalTel while Latham & Watkins served as legal advisor. TD Securities served as financial advisor to Antin while Greenberg Traurig served as legal advisor. Citizens (administrative agent), CIT (a division of First Citizens Bank) and TD Securities acted as lead arrangers on the debt financing.
The transaction is expected to close in early 2023, subject to customary regulatory approvals.
