FibreConnect Secures Investment from Marguerite and Azimut to Expand Ultra-Broadband Network in Italy
Deal News | Feb 14, 2025 | Marguerite Adviser SA
Marguerite, a significant pan-European infrastructure fund, has partnered with Azimut Libera Impresa SGR's Infrastrutture per la Crescita - ESG fund to invest in FibreConnect, an emerging Italian B2B telecommunications operator. The deal sees the acquisition of a 45% stake in FibreConnect by Marguerite, with Azimut's fund retaining the majority stake at 55%. Through this strategic partnership, FibreConnect aims to extend its ultra-broadband services by expanding fibre optic networks across Italy, enhancing digital infrastructure in line with the European Union's digitalisation goals. The investment enables FibreConnect to cater to the burgeoning demand for connectivity from Italian businesses, offering advanced network solutions and accelerating the country's digital transformation. Both parties emphasize the strategic alignment and value creation this collaboration brings, enhancing Italian businesses' technological capabilities and competitiveness on a larger scale.
Sectors
- Telecommunications
- Private Equity
Geography
- Italy – The primary focus of FibreConnect's network expansion and the infrastructure development will take place in Italy.
- Europe – FibreConnect's goals align with European Union initiatives for digitalisation and technological transition.
Industry
- Telecommunications – The article focuses on FibreConnect, a telecommunications operator expanding its fibre optic network and services in Italy.
- Private Equity – Marguerite and Azimut Libera Impresa SGR's funds are involved in the investment, indicating activity within the private equity sector.
Financials
- 45% – The stake acquired by Marguerite in FibreConnect.
- 55% – The remaining stake held by Azimut Libera Impresa SGR's fund in FibreConnect.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Marguerite Adviser SA | Investor | Company | A pan-European infrastructure fund investing in FibreConnect to expand Italy's digital infrastructure. |
| Azimut Libera Impresa SGR | Investor, IPC Fund Manager | Company | The manager of the Infrastrutture per la Crescita - ESG fund, maintaining a majority stake in FibreConnect. |
| FibreConnect | Target Company | Company | An Italian B2B telecommunications operator expanding its fibre optic network with new investments. |
| Michael Dedieu | Managing Partner at Marguerite | Person | Commented on the strategic investment to support Italy's digital transformation. |
| Andrea Cornetti | CEO RE & Infrastructure at Azimut Libera Impresa SGR | Person | Spoke on the aligned strategy for fostering economic and social growth through the FibreConnect investment. |
| Giovanni Cialdino | CFO and Co-Founder of FibreConnect | Person | Expressed the importance of the investment for FibreConnect's growth in the B2B market. |