Investments
Cameron Barney advises Wifinity on obtaining £23m in a Senior Secured Loan from Digital Colony
November 2020
Cameron Barney acted as exclusive financial adviser to Wifinity.
Cameron Barney LLP is pleased to announce that it acted as exclusive financial adviser to Wifinity Ltd. (“Wifinity”) 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 of Optify from PCCW Global.
Wifinity builds and operates broadband networks throughout the UK and is best known for its services to the public sector, MoD and holiday parks. The acquisition of Optify and Mediaforce extends Wifinity’s activities with the MoD, student accommodation and MDU arenas.
Charles Cameron, Partner of Cameron Barney, said: “We are pleased to have been able to assist Wifinity in achieving this financing which will enable the Company to substantially accelerate its organic and inorganic growth.”
“We were impressed by the terms as well as the speed and efficiency with which we were able to conclude this debt financing and we very much enjoyed working with the entire Cameron Barney team.”
About Cameron Barney
Cameron Barney is an independent merchant bank providing financing and M&A advice to fast-growing companies in the ‘infra-tech’ sector. Cameron Barney has advised on over 20 transactions in the UK broadband sector. In addition to its advisery work Cameron Barney is co-manager of Digital Infrastructure Investment Partnership (DIIP) which invests directly in fibre broadband infrastructure in the UK. Cameron Barney is authorised and regulated by the Financial Conduct Authority.
