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Private equity investor to buy Eurofiber
04 April 2012
Investment firm Reggeborgh sells Dutch operator Eurofiber to private equity firm Doughty Hanson
UK-based private equity investor Doughty Hanson will acquire Dutch operator Eurofiber from family investment firm Reggeborgh. Neither side of the deal disclosed a price. Doughty Hanson said the transaction is likely to close in May.
Reggeborgh is the investment arm of Dik Wessels, a Dutch billionaire. The company also invested in Reggefiber, which Netherlands incumbent KPN bought in late 2011. Reggeborgh will retain “a considerable”, but so far unspecified — minority stake in Eurofiber.
Pascal Keutgens, senior principal at Doughty Hanson, said: “Eurofiber has an impressive track record of growth, which we expect to see accelerate in the future. Fibre is a fast growing market as enterprises increasingly move away from copper-based legacy infrastructure, and as usage of smartphones, heavy data internet services and cloud computing increases. The management have impressed us with their ambition, their experience and their strategic vision of the market.”
Doughty Hanson said Eurofiber’s network stretches over 12,000 kilometres, connecting 4,500 locations and carrying over a quarter the internet traffic and half the mobile traffic in the Netherlands. GTB
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