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ICG invests in optical fiber provider
Transactions - FEBRUARY 8, 2019

ICG invests in optical fiber provider

by Jody Barhanovich

Intermediate Capital Group’s infrastructure team has closed its first deal since joining ICG, investing into Océinde Communications — an optical fiber provider in the French overseas department of Réunion Island.

The infrastructure team, established in May 2018 and headed by Guillaume d’Engremont, has invested in Océinde Communications alongside parent company Océinde Group to support the roll out of the telecommunication network’s services across the island. It is the first in a number of deals the team are working on, with a focus on Western Europe.

Océinde Communications is a fiber-to-the-home (FTTH) operator in the department of Réunion Island. It has made significant investments since 2011 to deploy its proprietary network that covers 80 percent of Réunion Island. It is now one of the most connected departments of France, according to the French regulator (ARCEP, December 2018), with more than 300,000 homes covered by FTTH and demand increasing as data consumption grows.

The Océinde Group is controlled by the Goulamaly family.

Benoît Durteste, CIO and CEO at ICG, said, “This deal is a perfect illustration of our strategy in the Infrastructure space: a focus on mid-market opportunities, with a flexible approach to capital structuring and the ability to partner with best-in-class industrial groups.”

ICG is a U.K-based independent infrastructure fund manager, as well as an alternative asset manager.

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