Hill Dickinson advises UK fibre network firm F&W Networks on Foresight investment
Hill Dickinson advises UK fibre network firm F&W Networks on Foresight investment
Hill Dickinson has advised the management of F&W Networks on a significant investment to help support the rollout of the company’s fibre-to-the-premises (FTTP) network.
The investment by London-listed infrastructure and private equity investment manager Foresight Investment will enable the acceleration of F&W’s network rollout and further its ambition to supply services to more than one million properties by 2025.
The Hill Dickinson team was led by partner Shantanu Sinha, assisted by legal director Sam Hudson, associate Isabella Spencer-Higgins and paralegal Oliver Hart, of the firm’s London Corporate team.
Shantanu Sinha said: “The UK is a world leader in digital infrastructures and the technology continues to develop at pace, which makes timely investment a crucial factor in success. We were pleased to advise the management team at F&W on an investment that will scale up and accelerate the rollout of the company’s next-generation fibre-to-the-premises network and look forward to seeing the company’s continued growth.”
Carlos Bock, executive chairman of F&W Networks, said: “We are extremely pleased to announce Foresight’s investment in F&W Networks. Hill Dickinson led by Shantanu Sinha was a decisive stakeholder in this complex transaction and aligned all the other key stakeholders. This endorsement by Foresight is a significant testament to the management team and F&W Networks and will provide us with the ability to rapidly scale our rollout.”
F&W currently provides 185,000 premises with access to a hyper-fast and reliable internet connection and is in the process of expanding its fibre-to-the-premises infrastructure in 21 communities in the South of England, including the Home Counties, Greater London and West Sussex.
The investment in F&W is Foresight’s latest in the UK fibre broadband sector following recent investments in Lightning Fibre and Connect Fibre.