Cameron Barney advises County Broadband on £46mn financing from Aviva
Press Release June 2018
Cameron Barney is pleased to announce that it acted as financial adviser to County Broadband Holdings Ltd (County) in securing a £46mn investment from Aviva Investors (Aviva).
Based in Essex, County is already an established provider of broadband services to rural communities in the East of England. This financing enables the Company to substantially expand its provision of fibre-to-the premises (FTTP) services.
Lloyd Felton, founder and Chief Executive of County said: “This investment from Aviva, which resulted from a process arranged by Cameron Barney, is a huge endorsement of our business and capabilities. I am pleased to have Aviva as a significant shareholder in the Company and we can now substantially accelerate our full-fibre roll-out to many more under-served communities in the East of England.”
Sean McLachlan, Director of Aviva, commented: “We are very pleased to be investors in County and to be funding the immediate expansion of its FTTP network. We look forward to being long-term investors and supporting County’s larger ambitions across the region.”
This transaction demonstrates Cameron Barney’s continued commitment to funding the UK’s alternative network sector and its leadership generally in financings for the ‘infratech’ sector.
About Cameron Barney
Cameron Barney is an independent merchant banking partnership providing advice and capital to its clients. The firm is at the forefront of the emerging ‘infratech’ sector having enabled numerous digital infrastructure SMEs to access significant amounts of capital on attractive terms and from a range of investors and lenders. Committed to long-term relationships, Cameron Barney provides clients with independent strategic financial advice drawn from the partners’ extensive track records in investment banking, operational management and fund management.
Cameron Barney is authorised and regulated by the Financial Conduct Authority.
For further information please contact:
Cameron Barney LLP
Brian Robertson +44 7710 094 125
Charles Cameron +44 7785 292 019
This investment from Aviva, which resulted from a process arranged by Cameron Barney, is a huge endorsement of our business and capabilities. I am pleased to have Aviva as a significant shareholder in the Company and we can now substantially accelerate our full-fibre roll-out to many more under-served communities in the East of England.Lloyd Felton
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