Aware Super joins $3.5b deal for European fibre platform euNetworks
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The news: A consortium, including Aware Super, has invested in UK-based bandwidth and data connectivity leader euNetworks as part of an equity recapitalisation.
The numbers: The deal, valued at €2.1 billion ($3.45 billion), was led by infrastructure and real assets manager Stonepeak. It was anchored by Mercer and Aware Super, with direct investments from the Investment Management Corporation of Ontario and APG Asset Management.
euNetworks owns and operates 18 figure-based metropolitan networks that covers 53 cities in 17 European countries. The company connects to around 542 data centres.
The context: Aware Super said it was attracted to euNetworks due to its potential to capture the industry’s AI-driven tailwinds in innovation and adoption.
Katya Romashkan, Aware Super’s portfolio manager for infrastructure, would join the euNetworks board.
What they said: Aware Super head of international and deputy CIO Damien Webb said: “Today’s announcement is the first infrastructure deal originated out of our UK office … The team is primed to make further investments in the coming year in infrastructure and also in property and private equity”.
The source: Aware Super media release
