Investment Committee – February 5, 2020
Acquisition of Interest in Deutsche Glasfaser
OMERS Infrastructure sought the approval of the Investment Committee to acquire an interest in Deutsche Glasfaser, a leading provider of gigabit internet connections through fiber-to-the-home (“FTTH”) across Germany. Deutsche Glasfaser will be combined with EQT Infrastructure IV portfolio company inexio to form a leading FTTH player in rural Germany. EQT Infrastructure will own 51% in the combined group and OMERS will own 49%.
Following questions and discussion, the Investment Committee approved the acquisition.
In a press release issued February 10, 2020, OMERS and OMERS Infrastructure announced its acquisition of a 49% interest in Deutsche Glasfaser from KKR Infrastructure and Reggeborgh. The transaction is expected to close in Q2 2020, subject to customary regulatory approval.