Amber Infrastructure Group (‘Amber’), the international infrastructure investment specialist, is pleased to announce that it has successfully completed the sale of NextGenAccess Ltd (‘NGA’), a provider of custom dark fibre infrastructure, to ITS Technology Group (‘ITS’).
NGA owns and operates a network of ultrafast wholesale fibre broadband infrastructure across England and Wales. The Amber-managed National Digital Infrastructure Fund invested in NGA in 2018 and has financed a major expansion of its network across the UK, deploying high capacity fibre routes supporting enterprise and business customers across Bristol, Newport, Essex and London. NGA will continue to operate as a standalone business as part of ITS.
This investment demonstrates Amber’s expertise and track record in digital infrastructure. Amber is committed to the provision of ubiquitous fibre supporting the increasing need for digital infrastructure and the critical nature of digital connectivity.
Chris Hogg, Senior Investment Director, Amber Infrastructure, said: “We have worked closely with the NGA management team to develop the business since our investment in 2018. The combination of NGA with ITS enhances their footprint and gives significant joint capability and experience in the UK enterprise fibre market, helping to further accelerate the combined group’s planned fibre deployment.”
Mark Weller, Managing Director at NextGenAccess, said: “Following a successful period of growth, alongside Amber Infrastructure since 2018, the time is right to take the next step and allow our partners and their customers to benefit from our significant joint capability and experience in the full fibre market. The sale ensures a recapitalisation of the business and accelerates our ability to expand our business plan going forward.”
For further information:
Erica Sibree/Amy Edwards +44 (0) 7557 676 499 / +44 (0) 7827 238 355
Amber Infrastructure Limited
Amber Infrastructure Group
Amber Infrastructure (‘Amber’) is a specialist international investment manager, focused on investment origination, asset management and fund management. With over €5 billion in funds under management, Amber invests across eight funds and a number of managed accounts. Amber’s core business focuses on sourcing, developing, advising, investing in and managing infrastructure assets across the public, transport, energy, digital and demographic infrastructure sectors that support the lives of people, homes and businesses internationally.
Amber is headquartered in London with offices in Europe, North America and Australia and employs over 160 infrastructure professionals.
Amber invested in NGA through the Amber-managed, National Digital Infrastructure Fund (‘NDIF’). NDIF forms part of the UK Government’s landmark DIIF, a government initiative to accelerate investment into fibre-optic based broadband networks and related businesses to build the next generation of digital networks and accelerate the roll-out of ultrafast connectivity across the UK.