Global law firm Norton Rose Fulbright has advised Community Fibre Limited (Community Fibre) and its existing investors Amber Infrastructure and RPMI Railpen in connection with the acquisition of a controlling stake in Community Fibre by funds advised by Warburg Pincus LLC and DTCP.
Norton Rose Fulbright also advised Community Fibre in respect of further investment into Community Fibre by these funds of up to £400 million (US$518 million). The deal is expected to complete in August 2020.
Community Fibre is a 100% full-fibre broadband provider, and the new investors will fund the roll-out of full-fibre broadband to one million London households and businesses by 2023.
Norton Rose Fulbright corporate partner Oliver Stacey led the Norton Rose Fulbright team in London, with assistance from senior associate Mark Maurice and associate Nikesh Arya. Partner Michael Alliston and associate Daniel Alexander advised on tax-related issues. Partner Matthew Findley and senior associate Greg Branagan provided advice in respect of employee incentives. Jefferies International Limited acted as financial advisers to Community Fibre.
Norton Rose Fulbright’s corporate, M&A and securities team advises on a wide range of legal, regulatory and commercial issues in the digital infrastructure space.