Cameron Barney advises Gigaclear on £25 Million Loan from the EIB
Cameron Barney acted as financial adviser to Gigaclear plc.
Press Release December 2015
Cameron Barney is pleased to announce that it acted as financial advisor to Gigaclear plc in obtaining a €25mn 12 year loan from the European Investment Bank (“EIB”).
Headquartered in Abingdon, Oxfordshire, Gigaclear is the foremost provider of fibre-to-the-premises (FTTP) internet services to UK rural communities.
This loan, in conjunction with grants and the significant equity sums committed by Prudential Greenfield and Woodford Investment Management, amongst others, brings over £75 million of capital to the roll-out of FTTP infrastructure to rural areas by Gigaclear.
Brian Robertson, Partner of Cameron Barney, commented: “We are very pleased to have advised Gigaclear on this transaction, which is the eleventh fundraising arranged for the Company by Cameron Barney. This is the first loan by the European Investment Bank into this sector in the UK and demonstrates the increasing maturity of the internet infrastructure sector as an investment opportunity.”
This transaction underscores Cameron Barney’s commitment to funding the UK alternative network sector and its continued leadership in advising fibre infrastructure and enterprise communications providers on key strategic transactions.
About Cameron Barney
Cameron Barney is an independent merchant bank providing finance, M&A advice and general corporate finance services to companies and investors. The firm draws on the extensive experience of its partners 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
We are very pleased to have advised Gigaclear on this transaction, which is the eleventh fundraising arranged for the Company by Cameron Barney. This is the first loan by the European Investment Bank into this sector in the UK and demonstrates the increasing maturity of the internet infrastructure sector as an investment opportunity.Brian Robertson
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