Twitter LinkedIn
    Friday, February 3
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Acquisitions»Digital 9 Infrastructure completes GBP160m acquisition of Aqua Comms
    Acquisitions

    Digital 9 Infrastructure completes GBP160m acquisition of Aqua Comms

    April 7, 2021Updated:April 7, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Digital 9 Infrastructure, which invests in digital infrastructure assets, has now completed its first acquisition, has now completed its first acquisition, of 100 per cent of Aqua Comms DAC for cGBP160 million

    Aqua Comms owns and operates some 14,300km of trans-Atlantic sub-sea fibre systems, representing the very “backbone” of the internet.

    Aqua Comms’ assets are established, fully operational, and benefit from a long established customer base, particularly comprising the FAANGs, and other global content providers. D9’s investment manager, Triple Point Investment Management LLP (Triple Point or the Investment Manager) believes the platform has in-built further growth potential.

    D9 is a London Stock Exchange listed investment trust, targeting an initial annualised 6p dividend yield (by reference to the issue price of 100p on IPO) for the first financial year. Following this acquisition, the Investment Manager now expects that this first year dividend will be over 100 per cent cash covered, with the first dividend of 1.5p to be paid in respect of the quarter ending 30 June 2021.

    Read more

    Source: Private Equity Wire

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Acquisitions Capital deals and transactions
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Euroclear moves into $9.8 trillion private asset market with Goji buy

    December 21, 2022

    Warburg Pincus acquires K2 Insurance Services from Lee Equity Partners

    December 6, 2022

    KKR looking to sell Canadian gas producer Westbrick for $1.13B

    November 18, 2022

    Blackstone commits up to $359m to acquire majority stake in R Systems

    November 17, 2022

    Comments are closed.

    Other Articles

    H.I.G. Capital acquires Morningside Healthcare and Morningside Pharmaceuticals

    October 3, 2022

    Roc Private Equity makes higher offer for Vitalharvest Trust

    February 26, 2021

    Velocity Global Nabs Multibillion Value With $400 Million Raise

    May 18, 2022

    Actis sells Saavi Energia

    August 22, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?