Asterion follows €1.5bn Fund II close with deal to expand high-speed cable services provider MS3


European infra investor Asterion Industrial Partners has invested in fibre cable services provider MS3 to expand the company’s network across the north of England.

MS3 said it would 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.

The company also announced 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.

Guido Mitrani, founding partner at Asterion, added, “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.”

Last month Asterion soared to a roughly €1.5bn final close for its second fundraise, despite only closing its €1.1bn debut fund last year.

Asterion Infra Fund I was biggest private capital fund ever registered in Spain at its final close in January 2020, but the firm has quickly outstripped that with the hefty Fund II raise, beating both its €1.35bn target and the vehicle’s hard cap.

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