FibreConnect Gains Major Investment from Marguerite and Azimut
Deal News | Feb 14, 2025 | Finance Community IT - 3 Private Equity
Marguerite, a pan-European infrastructure fund, in partnership with Infrastrutture per la Crescita-ESG fund managed by Azimut Libera Impresa SGR, has invested in FibreConnect, an Italian telecommunications operator focusing on the B2B market since 2022. Following the investment, Marguerite holds a 45% stake in FibreConnect, while the remaining 55% is held by Fondo IPC. Natixis CIB served as Marguerite's financial advisor, supported legally by Parola Associati, while Deloitte advised Azimut, with LCA Studio Legale handling legal aspects. This strategic investment is aimed at accelerating FibreConnect's digital infrastructure development, expanding its fiber-optic network coverage in Italy, and enhancing its B2B position by meeting growing demands for advanced connectivity. FibreConnect's services include ultra-broadband supply and advanced remote network management, aligning with the EU's goals for digitalization and technological transition. The investment will not only improve efficiency and sustainability but also boost Italian companies' international competitiveness. Regulatory approvals for the transaction are pending.
Sectors
- Telecommunications
- Private Equity & Investment
- Infrastructure
Geography
- Italy – FibreConnect is an Italian telecommunications company, and the investment impacts Italy's digital infrastructure.
- Europe – The involvement of Marguerite, a pan-European infrastructure fund, highlights a broader European investment and digitalization focus.
Industry
- Telecommunications – The article focuses on FibreConnect, a telecommunications company investing in fiber-optic network expansion.
- Private Equity & Investment – Marguerite and Azimut's investment activities in FibreConnect fall under this sector.
- Infrastructure – The investment aims at developing FibreConnect's digital infrastructure, crucial for their growth strategy.
Financials
- 45% – The ownership stake that Marguerite holds in FibreConnect post-investment.
- 55% – The ownership stake retained by Fondo IPC in FibreConnect post-investment.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| FibreConnect | Target | Company | An Italian telecommunications operator focusing on the B2B market and expanding fiber-optic networks. |
| Marguerite | Bidding Company | Company | A pan-European infrastructure fund investing in FibreConnect. |
| Azimut Libera Impresa SGR | Selling Company | Company | Manager of Fondo IPC, holding a 55% stake in FibreConnect post-investment. |
| Natixis CIB | Financial Advisor | Company | Advised Marguerite on the investment deal. |
| Deloitte | Financial Advisor | Company | Advised Azimut on the financial aspects of the investment. |
| Parola Associati | Legal Advisor | Company | Provided legal support to Marguerite during the transaction. |
| LCA Studio Legale | Legal Advisor | Company | Handled legal aspects for Azimut during the investment process. |
| Fondo IPC (Infrastrutture per la Crescita-ESG) | Stakeholder | Company | Retains a 55% stake in FibreConnect post-investment, managed by Azimut. |