DELTA Fiber welcomes a new shareholder: the American investment company Stonepeak. EQT reinvests in DELTA Fiber through a consortium with Stonepeak. DELTA Fiber is the fastest grower on the Dutch fiber market. EQT and Stonepeak’s new shareholding confirms DELTA Fiber’s growth strategy: accelerated fiber rollout throughout the Netherlands.
The Swedish private equity EQT already owned DELTA Fiber, the company was housed in Fund III. EQT Fund III now sells DELTA Fiber to a consortium of EQT Fund V and Stonepeak. Both investors take a 50 percent share in the company.
Two leading international investors joining DELTA Fiber, confirms our success in recent years,” says Marco Visser, CEO DELTA Fiber. “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.”
Under EQT’s shareholding, the company invested heavily in the roll out of fiber. The company, with almost a million connections today, about 50.000 kilometers of fiber, managed to occupy a strong position on the Dutch fiber market. DELTA Fiber recently announced a new ambition: 2 million connections by 2025. For this rollout, DELTA Fiber has attracted a financing of 2 billion euros from a consortium of national and international banks.
Together, EQT and Stonepeak will support DELTA Fiber in their ambition to covering a quarter of the country with fiber broadband. Both parties are committed to invest significantly in the digitalization of the Netherlands by fiber 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 2021.
DELTA Fiber is one of the fastest growing fiber companies in the Netherlands. Almost 1 million addresses throughout the Netherlands are already connected to the DELTA Fiber network. DELTA Fiber’s ambition is to provide as many households and companies as possible with access to fast internet. And to grow to 2 million connections by 2025. Under the brands DELTA and Caiway, the company provides internet at gigabit+ speeds, interactive TV and fixed and mobile telephony to both consumers and businesses. More than a thousand employees work at DELTA Fiber.
EQT is a purpose-driven global investment organization with more than EUR 71 billion in assets under management across 27 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and the Americas with total sales of approximately EUR 29 billion and more than 175,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with over $39 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, and to have a positive impact on the communities in which it operates. Stonepeak sponsors investment vehicles focused on private equity and credit. The firm provides capital, operational support, and committed partnership to sustainably grow investments in its target sectors, which include communications and digital infrastructure, transport and logistics, water, energy transition, and power and renewable energy.