REG - Pantheon Infrastrct. - Investment in pan-Nordic Digital Infra Company

Pantheon InfrastructureAnnouncement

22/06/2023 07:00

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RNS Number : 5167D  Pantheon Infrastructure PLC  22 June 2023

22 June 2023

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PANTHEON INFRASTRUCTURE PLC

Investment in pan-Nordic Digital Infrastructure Company

 

Pantheon Infrastructure PLC ("PINT" or the "Company"), the listed global
infrastructure fund, has committed to invest approximately €23.1m (£19.9m
at current exchange rates) in telecommunications infrastructure operator
GlobalConnect, through a co-investment vehicle managed by affiliates of EQT AB
Group (XSTO:EQT) ("EQT"), a leading global investment organization managing
c.€119bn in fee-generating assets under management.

GlobalConnect is a digital infrastructure company with the most extensive
fibre network across the Nordics. The Company serves B2C and B2B customers
across three complementary business segments:

·    Fibre-To-The-Home

·    Fibre-To-The-Business ("FTTB")

·    Hyperscalers (large cloud providers), operators (including Mobile
Network Operators) and data centres.

GlobalConnect has a large and diverse network across the Nordics and Germany
consisting of c.149,000km of fibre cables, c.1,040,000 homes passed, c.34,500
sqm data centre estate and over 30,000 FTTB customers, with strong market
positioning in its three core business segments. More broadly, the fibre
sector is expected to benefit from tailwinds that continue to drive growth,
including subsidy-backed fibre coverage deployment, fast-growing capacity and
coverage demand from hyperscalers, and demand for connectivity solutions from
FTTB customers.

Richard Sem, Partner at Pantheon, PINT's investment manager, commented:

"This high-quality asset complements our existing portfolio of attractive
digital infrastructure assets, and further underpins the strong downside
protection we have built over the past year through robust indexing,
contracted cash flows and a hard to replicate network. Tailwinds across the
digital sector provide a supportive backdrop for GlobalConnect going forward."

For further information, contact:

 Pantheon Ventures (UK) LLP                       +44 (0) 20 3356 1800

 Investment Manager                               pint@pantheon.com (mailto:pint@pantheon.com)

 Richard Sem, Partner

 Harriet Alexander, Vice President

 Investec Bank plc                                +44 (0) 20 7597 4000

 Corporate Broker

 Tom Skinner (Corporate Broking)

 Lucy Lewis, Denis Flanagan (Corporate Finance)

 TB Cardew                                        +44 (0) 20 7930 0777

 Public relations advisor                         pint@tbcardew.com (mailto:pint@tbcardew.com)

 Ed Orlebar                                       +44 (0)7738 724 630

 Tania Wild                                       +44 (0)7425 536 903

 Henry Crane                                      +44 (0)7918 207157

 

Notes to editors

Pantheon Infrastructure PLC (PINT)

Pantheon Infrastructure PLC is a closed-ended investment company and an
approved UK Investment Trust, listed on the Premium Segment of the London
Stock Exchange's Main Market. Its Ordinary Shares trade under the ticker
'PINT'. The independent Board of Directors of PINT have appointed Pantheon,
one of the leading private markets investment managers globally, as investment
manager. PINT aims to provide exposure to a global, diversified portfolio of
high-quality infrastructure assets through building a portfolio of direct
co-investments in infrastructure assets with strong defensive characteristics,
typically benefitting from contracted cash flows, inflation protection and
conservative leverage profiles.

Further details can be found at www.pantheoninfrastructure.com
(http://www.pantheoninfrastructure.com) .

 

LEI 213800CKJXQX64XMRK69

Pantheon

Pantheon is a leading global private equity, infrastructure & real assets,
private debt and real estate investor with 40 years' experience sourcing and
executing private market investment opportunities on behalf of clients.
Pantheon has US$92.8 billion in assets under management and advice (as at 31
December 2022) and employs over 460 staff, including around 140 investment
professionals, across offices in London, San Francisco, New York, Chicago,
Hong Kong, Seoul, Bogotá, Tokyo, Dublin, Berlin and a presence in Tel Aviv.

Further details can be found at www.pantheon.com (http://www.pantheon.com) .

 

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