November 2020: Cameron Barney acted as exclusive financial adviser to Wifinity for the acquisition and financing of PCCW Global UK Ltd
Cameron Barney LLP is pleased to announce that it acted as an exclusive financial adviser to Wifinity Ltd
November 2020
Cameron Barney LLP is pleased to announce that it acted as an exclusive financial adviser to Wifinity Ltd. (“Wifinity”) in acquiring PCCW Global Networks (UK) Limited. Simultaneously, Cameron Barney also acted as an adviser to the company in obtaining a senior secured term loan from funds managed by Digital Colony – the purpose of the loan was to refinance existing bank lending, provide additional growth capital and fund the acquisition.
Wifinity builds and operates broadband networks throughout the UK and is best known for its services to the public sector, MoD and holiday parks. PCCW Global Networks (UK) Limited trades under the Optify and Mediaforce brands and this acquisition extend Wifinity’s activities with the MoD, student accommodation and MDU arenas.
“We are delighted to have advised Wifinity on this transaction and assist the company in achieving its financing. Advisery work on this project began in 2017, so it is a pleasure to have been able to help the Wifinity team in achieving this objective. The acquisition will enable the Company to substantially accelerate its organic and inorganic growth.”
“We are pleased to successfully acquire Optify from PCCW. Cameron Barney played a pivotal role for us in this transaction and we would choose them again if we faced another complex corporate transaction.”
