Deal Announcement 11/24: Service Industries

PwC acted as exclusive financial advisor to Deutsche Giga Access GmbH on the sale of Northern Access GmbH and GIM Glasfaser Infrastruktur Management GmbH, a leading German provider of fibre optic networks, to Strategic Fiber Networks GmbH, a portfolio company of iCON Infrastructure LLP

The Deal

The PwC M&A team is pleased to announce the successful sale of the vertically integrated telecoms businesses Northern Access GmbH (“NA”) and GIM Glasfaser Infrastruktur Management GmbH (“GIM”) to Strategic Fiber Networks GmbH (“SFN”), a portfolio company of iCON Infrastructure LLP (“iCON”).

In November 2023, Deutsche Giga Access GmbH (“DGA”) started the international sale process which was led by PwC M&A. In the course of the investor process, the shares in NA and GIM were acquired by SFN, a portfolio company of iCON.

The share purchase agreement was signed in July 2024 and the transaction closed in November 2024.

Northern Access & GIM Glasfaser Infrastruktur Management

NA & GIM are headquartered in Liebenau, Lower Saxony.

NA is an Internet Service Provider (“ISP”), owning and operating state-of-the-art fibre to the home and fibre to the cabinet network infrastructure in Nienburg/Weser on owned FTTH and FTTC networks. GIM serves as NA’s vertically integrated full-service provider along the entire value chain. NA and GIM are currently in the process of expanding its footprint adjacent to its existing network infrastructure.

PwC

The global PricewaterhouseCoopers network is a worldwide association of independent auditing and consulting companies which together employ more than 370,000 people in 149 countries. Our global network comprises over 3,700 M&A professionals all over the world, realising approx. 400 successful transactions per year. We specialise in a wide range of independent M&A services including advice on acquisitions and disposals, mergers, public takeovers, privatisations as well as structured financing.

The transaction was led by Cay-Marco Fritsch (Partner), supported by Sebastian Engelbrecht (Manager) and Thu Trang Ha (Senior Associate).

Contact us

Cay-Marco Fritsch

Cay-Marco Fritsch

Partner, Corporate Finance | M&A Digital Infrastructure & Business Services, PwC Germany

Tel.: +49 1511 2529875

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