Stonepeak Closes euNetworks Purchase

January 12th, 2018 by · Leave a Comment

euNetworks officially has a new majority owner.  Stonepeak Infrastructure Partners has successfully closed its purchase of a majority stake in the pan-European network operator, joining Columbia Capital who will be staying on with a material interest.

Now we will have to see what euNetworks does with the influx of equity capital.  Stonepeak has said that it looks forward to investing another $500M into the company.  euNetworks has been steadily expanding its reach into northern, southern, and eastern Europe, but it's been doing it with a whole lot less of a war chest than that.

I still think that this might be the prelude to a bid for Interoute, although there are other inorganic targets out there of course.

Categories: Mergers and Acquisitions · Metro fiber

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