Bird & Bird advised institutional investors the Amber Infrastructure managed National Digital Infrastructure Fund and RPMI Railpen , on the £50 million funding round in Community Fibre, the ultra-fast full-fibre internet service provider.
Only 7% of UK homes are currently connected to full-fibre broadband which has the capacity to provide gigabit-capable download speeds. With over 70,000 London homes passed to date, the additional investment will enable Community Fibre to expedite its ambitious capital-wide growth strategy. The funding marks another milestone in Community Fibre’s journey to pass 500,000 homes in London.
The National Digital Infrastructure Fund (NDIF, the Fund) was established in 2017 to invest in the next generation of essential digital infrastructure in the UK. The Fund is a Limited Partnership vehicle.
The Railways Pension Scheme is one of the UK’s largest and longest established pension funds. RPMI Railpen is responsible for the safekeeping and investment of circa £28 billion on behalf of the scheme’s 350,000 members who are connected to the railway industry.
The team at Bird & Bird advised on both the corporate and finance aspects of the financing. The transaction was led by Corporate partner James Baillieu (Picture) together with partner Isabel Evans (Finance), legal director Simon Gough (Tax) and associates Jennifer Bird (Finance), Hannah Fletcher (Corporate) and Charlotte Hart (Corporate).
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