Specialist infrastructure asset manager Morrison & Co has acquired a 33.3% stake in Spanish fibre network business Lyntia Networks.
Morrison & Co, on behalf of the open-ended Morrison & Co Infrastructure Partnership fund, will own its stake alongside AXA IM Alts and Swiss Life Asset Managers.
Back in May, and Asset Managers teamed up to buy Lyntia from Antin Infrastructure Partners.
Lyntia Networks is a leading wholesale operator in the Spanish telecommunications market with a nationwide fibre network of over 43,000km.
Jos茅 Antonio L贸pez, CEO of Lyntia Networks, said: 鈥淢orrison & Co鈥檚 investment is a strong endorsement of our business and our growth potential in one of the most exciting and rapidly growing fibre markets.鈥�
Vincent Gerritsen, partner and head of UK and Europe at Morrison & Co, said Lyntia has a solid market position and huge growth potential.
鈥漌e are excited to work with its management and co-shareholders, bringing our extensive sector experience to support the business to realise its full potential by building its network and service offering, while providing our clients with strong long-term returns.鈥�
Will Smales, partner and CIO at Morrison & Co, said: 鈥淥ur team has deep investment and operating experience in digital infrastructure and this acquisition aligns with one of our core investment pillars - to invest in infrastructure vital to support the digitisation of services across Europe, as demand for data centres, mobile phone masts and fibre assets continues to grow.鈥�
Morrison & Co鈥檚 digital infrastructure portfolio includes investments in Vodafone New Zealand, Fore Freedom in the Netherlands, Kao Data in the UK, CDC Data Centres and Amplitel towers in Australia.
The manager鈥檚 most recent deals include FiberLight in the US and Uniti in Australia.
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