The US investment company Stonepeak has become a new shareholder in Delta Fiber, one of the fastest growing companies in the Dutch fibre market.
According to Delta Fiber, it is now owned by a consortium of EQT Fund V and Stonepeak, with both investors taking a 50% share in the company. Previously, it was owned by the Swedish private equity EQT and housed in Fund lll.
Commenting on the development, Delta Fiber’s CEO Marco Visser said: “Two leading international investors joining Delta Fiber, confirms our success in recent years.
“That EQT chooses to invest in our company again, together with Stonepeak, shows confidence in our ambitious plans for the future. Together they provide us with a solid foundation for further growth”.
Delta Fiber notes that under EQT’s shareholding, it has invested heavily in the roll out of fibre. The company, with almost a million connections today, about 50.000 km of fibre, has managed to occupy a strong position on the Dutch fibre market.
It adds that it recently announced a new ambition, namely 2 million connections by 2025. For this rollout, it has attracted a financing of €2 billion from a consortium of national and international banks.
Delta Fiber adds that together, EQT and Stonepeak will support it in its ambition to covering a quarter of the Netherlands with fibre broadband. Both parties are committed to invest significantly in the digitalisation of the country by rollout in primarily suburban and rural areas for both homes and businesses.
The transaction is subject to approval by supervisory authorities in the Netherlands and Europe and is expected to close by the end of this year.