Case Study: FibreSpan Limited
- Deal size:
- Company Sales & Acquisitions
- Deal completed:
- August 2012
Meridian Corporate Finance ("Meridian") advised the shareholders of FibreSpan Limited (“FibreSpan”) on the sale of the business to a major US Telco with a turnover in excess of $4 billion.
Established in 2003, FibreSpan designed, built, owned and maintained fibre optic networks providing ultra-high bandwidth, low latency connectivity for multi-sited customers within both the public and private sectors.
FibreSpan’s footprint included a dense open-access network within the West End of London, primarily used by the media and entertainment industry. This element of the network had a strong strategic fit with the acquirers London operations and was a key driver for the acquisition rationale.
Darren Thompson, Partner at Meridian commented “This is a great strategic fit for both parties and we thoroughly enjoyed working with the shareholders.”
Legal advice to the vendors was provided by Stephen Porter and Jason Hill of Shoosmiths and Tax advice by David Tipple.