Asterion Industrial Partners, an independent investment management firm focused on European infrastructure in the mid-market, has announced today its partnership with MS3, a provider of full fibre services to homes and businesses. Asterion and MS3 will work to accelerate the company’s plans to build a full fibre network ultimately serving over 500,000 homes and businesses in the North of England.
As a wholesale-only provider, MS3 will enable its existing and future ISP clients to provide up to 10Gb connections to end-customers, building on their existing fibre ring through Hull and to more than 30 other locations in the region. MS3’s full fibre roll-out will enable access to enhanced digital infrastructure across their footprint and contribute to make fibre more affordable in Hull and surrounding areas, helping to reduce the digital divide.
In addition to the partnership and investment, MS3 also announces the appointment of three new members of the executive team. Guy Miller, formerly of TalkTalk joins as CEO, Zarif Imam, formerly of ZTE joins as CFO and Chris Byrd, formerly of M247 joins as CTO. Founders Tony Hales and Ben Tarbotton will continue to perform an active role in the business.
Founder of MS3, Tony Hales, said: “We are delighted that Asterion have seen the same opportunity that we see in expanding MS3’s network and look forward to working with them as we accelerate our fibre rollout at pace. I also welcome the members of the new management team who I have had the pleasure of working with throughout this process.”
Guy Miller, CEO, MS3, said: “I am excited to join MS3 at this time, a business with an existing network, existing partner contracts and excellent relationships with civil contractors and councils alike. MS3 is well placed to become a major regional player in the full fibre market in the years to come.”
Guido Mitrani, Founding Partner, Asterion Industrial Partners, said: “We are thrilled to partner with a best-in-class management team to bring MS3 to the next level and are also excited to enter the UK fiber to the home market providing additional diversification to our portfolio.”
Councillor Daren Hale, Leader of Hull City Council said: “We are thrilled to see another significant investment coming into a Hull-based business, especially one which supports the aims of our Economic Strategy to position Hull as a leading city in digital technologies.”
MS3 Networks was advised by TradeRisks and DLA Piper, Asterion Industrial Partners was advised by Gibson, Dunn & Crutcher and Alvarez and Marsal.
ABOUT MS3 NETWORKS LTD
MS3 Networks Ltd is an alternative network service provider with established operations in Hull since 2013, supplying B2B services to both local businesses and national telecommunications providers. MS3’s existing fibre network comprises over 70km of underground, wholly owned duct and fibre which has been providing business services for 8 years.
ABOUT ASTERION INDUSTRIAL PARTNERS
Asterion Industrial Partners is an independent investment management firm focusing on infrastructure investments in the European mid-market. Headquartered in Madrid and with presence in London and Paris, Asterion combines transactional and operational experience with an industrial approach and active asset management within an independent and nimble platform. Asterion aims to promote operational transparency, responsible investment practices, best-in-class governance and a strong culture both for itself and in the companies in which it invests
IMPORTANT INFORMATION
This press release is for informational purposes only and does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of an offer to purchase or subscribe for, any securities of Asterion Industrial Infra Fund II, FCR. This press release is being issued pursuant to and in accordance with rule 135e under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”).
This press release does not constitute an offer to sell or the solicitation of an offer to buy interests in Asterion Industrial Infra Fund II, FCR (the “Interests”) or any other security in any jurisdiction and shall, in any circumstance, not constitute an offer, solicitation or sale in the United States or in any jurisdiction in which, or to any persons to whom, such offering, solicitation or sale would be unlawful.
The Interests have not been and will not be registered in the United States, under the U.S. Securities Act or otherwise, or any U.S. state securities laws, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons absent registration or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state and local securities laws. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from Asterion Industrial Infra Fund II, FCR or the selling security holder and will contain detailed information about Asterion Industrial Infra Fund II, FCR and management as well as financial statements. No public offering of securities is being made in the United States.
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