3i Infrastructure has agreed to pay €182 million ($213 million) for a 60 percent stake in DNS:NET, an independent telecommunications provider in Germany.
The stake is currently owned by Deutsche Beteiligungs (DBAG), DBAG ECF, a private equity fund managed by DBAG, and founder and CEO Alexander Lucke, with the latter reinvesting alongside 3i Infrastructure to retain a 40 percent stake.
DNS:NET owns the largest independent fiber-to-the-cabinet network in the Berlin area, as well as three data centers. The company differentiates itself through a superior network, local brand recognition and attractive pricing of high bandwidth products. In recent years, DNS:NET commenced a fiber-to-the-home rollout, which it now plans to accelerate with 3i Infrastructure’s backing.
As part of the deal, 3i will also provide additional funding for the future growth of the business.
“In 3i, we have found the best partner to accelerate our further FTTH rollout,” said Luc