We have advised the management team of broadband provider Community Fibre in relation to the sale of a majority stake of the business to funds advised by private equity firm Warburg Pincus, investment management group DTCP, and existing investors Amber Infrastructure and RPMI Railpen.
Community Fibre provides broadband exclusively in London and operates its own dedicated 100% full-fibre broadband network. Backed by its new shareholders, Community Fibre has also announced its goal to provide full-fibre broadband to one million households by 2023.
Commenting on the deal, private equity partner Edward Waldron said: "Community Fibre is on a mission to bring residents and businesses in London reliable, super-fast broadband at an affordable price point. We continue to work with the most ambitious, innovative companies in the market such as Community Fibre, and we look forward to watching their growth spurred on by the latest investment."
Graeme Oxby, CEO of Community Fibre, said: "This transaction was a significant milestone for our company. We are highly grateful to the Taylor Wessing team who provided the management team with astute, commercial advice."
The team was led by Edward Waldron and Head of Incentives Ann Casey with support from Suzy Penney (senior associate) in the private equity team, and Liz Wilson (partner) in the tax team.