Grain, a full-fiber broadband provider backed by Equitix, has secured a £212 million ($287 million) debt facility with funds and/or accounts managed, advised or controlled by HPS Investment Partners or its subsidiaries.
This significant funding milestone marks the next phase in Grain’s growth strategy, supported by existing investors Equitix and Albion Capital. In addition to the debt facility, Equitix is investing an additional £13 million ($18 million) in equity — its fifth capital injection into Grain.
Grain’s network, which avoids the use of telegraph poles, already serves communities across the United Kingdom in the North East, North West and the Midlands. The new funding will enable Grain to expand its independent full-fiber network to approximately 600,000 homes as it progresses toward its goal of reaching more than 1 million homes — one of the largest organic builds in the U.K. broadband sector.
“Our continued investment in Grain reflects our
