Inflexion is pleased to announce that it has sold Glide, the UK’s leading provider of infrastructure to difficult to serve markets, like high-density accommodation, to US infrastructure investor Alinda Capital. The sale follows a six-year period of transformational growth for the business, which became the clear UK market leader during its partnership with Inflexion.
Glide designs, installs and manages fibre networks required to deliver broadband connectivity together with other critical products and services to student accommodation, the private rental sector and small and medium sized enterprises. Inflexion’s investment has helped the company to build the UK’s leading fibre network in this specialist market reaching 100,000 premises and approximately 250,000 customers.
The company, named CableCom at the time of the 2013 investment, drew on Inflexion’s strong sector and transaction experience to support its strategic acquisitions of Glide and WarwickNet. These acquisitions significantly diversified its customer base and service offering, which together with investment into the expansion of its infrastructure and fibre network across the UK made it the national market leader.
We are pleased to have supported Glide’s strong growth journey, which has seen the company transformed into the UK fibre leader serving niche markets and benefitting from the exponential growth in broadband usage. That Glide attracted strong interest at this time is vindication of its position as a robust leader in its field. Its transformation through the strategic M&A we supported has given it a very strong and defensible position, making it well placed to continue to grow further with its new backers.
Inflexion has been a vital part of our success as we have significantly transformed and grown our business. Their strong experience in the technology and telecoms sector has been invaluable as we have expanded our network, enhanced our capacity and improved our services. With Inflexion’s support we were able to successfully complete two transformational strategic acquisitions, making Glide a national leader in our target markets. We look forward to continuing building on this success with our new partners.
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