GlobalConnect A/S to be acquired by EQT Partners.

Denmark Sweden Secondary 20 December 2016
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EQT Partners, through The EQT Infrastructure investment strategy fund, announced getting into an agreement to acquire GlobalConnect A/S from its current shareholders.

The founding Zibrandtsen family will reinvest part of its proceeds and enter into a strategic partnership with EQT Infrastructure. Following the transaction, it will own 20% of the Company and Founder Niels Zibrandtsen will be appointed to take place in the new Board of Directors of the Company.

GlobalConnect, founded in 1998 and led by CEO Christian Holm Christensen, is Denmark’s leading alternative provider of B2B data communication services, owning and operating 12,500 km of fiber. The Company’s fiber infrastructure passes more than 30,000 companies in Denmark and 9,000 companies in Germany. GlobalConnect is also the largest Danish data center provider with a capacity of c. 13,000 sqm of secure co-location space.

The transaction is subject to customary closing conditions, such as clearance from competition authorities, and is expected to close in the first quarter of 2017.