Grain Connect, a provider of fiber-optic internet in the United Kingdom, has secured a £75 million ($104 million) financing package from Equitix, alongside Albion Capital, its existing institutional backer.
Grain will use the funding, in addition to a planned £100 million ($139 million) debt funding process, to extend its footprint to cover an initial 300,000 homes and businesses across Great Britain. The firm will focus on both new-build housing developments and existing urban housing.
Grain is known in the new-build housing sector as a partner to many of the country’s largest home builders, bringing fiber-optic internet access to their developments. Grain works with developers in more than 100 locations across the United Kingdom.
“We are delighted to have secured such an excellent funding partner in Equitix, a leading investor in European infrastructure with a long-term investment strategy and clear vision for our business,” said Sean Williams, chairma
