Fiera Infrastructure to acquire IslaLink, a Spain-based independent telecom fibre infrastructure platform 

First Transaction in Spain and First in the Telecommunications Sector

Fiera Infrastructure Inc. (“Fiera Infrastructure”), a leading global mid-market direct infrastructure investor and an affiliate of Fiera Capital Corporation, a leading independent management firm, announced today that it has entered into a definitive agreement to acquire 100% of EQT Infrastructure II Fund’s (“EQT Infrastructure”) equity interest in IslaLink S.L.U (“IslaLink”), the Spain-based independent telecom fibre infrastructure platform. IslaLink will be added to Fiera’s global infrastructure fund, EagleCrest.

IslaLink provides route-redundant fibre infrastructure connecting the Balearic Islands to mainland Spain, providing rental of lit fibre, IP transit, O&M and colocation services to telecom carriers serving the Balearic market. IslaLink’s infrastructure includes a 273 km submarine cable linking Valencia and Mallorca, a 256 km terrestrial fibre ring in the Mallorca island and 11 colocation centres.

“IslaLink’s acquisition represents our first investment in Spain after the opening of our European headquarters in London”, said Alina Osorio, President of Fiera Infrastructure. “This transaction also represents our first investment in the telecommunications sector and further diversifies our existing portfolio of high-quality infrastructure assets for the benefit of our investors”, added Ms. Osorio.

Closing of the transaction is subject to customary anti-trust approval.

DC Advisory, together with its Spanish partner firm Montalban, acted as financial advisor to Fiera Infrastructure on this transaction. Fiera was also advised by Baker McKenzie (Legal), FTI Consulting (Commercial & Technical), EY (Accounting & Tax) and Willis (Insurance).

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