Ignition Law advised the management team of Complete Technology Group (“CTG”) a UK-based telecommunication provider on the investment of up to £125 million from InfraRed Capital Partners (“InfraRed”), on behalf of InfraRed Infrastructure Fund V.
CTG provides fibre connectivity to multiple dwelling units owned by Housing Associations and Local Authorities in areas of the UK underserved by established providers. Following this investment, it will partner with InfraRed to deliver fibre networks to over 700,000 homes, helping to connect communities and enabling many more people to access high-speed reliable broadband.
CTG will also use the proceeds of the investment to build out its workforce through over 100 new hires during the next few years and strengthen its supply chain. This supports the development of CTG’s innovative approach of installing multiple fibres within residential buildings at once and then leasing access to these lines to internet service providers. This approach reduces safety risks within the buildings and also leads to a reduction in materials required and carbon generated compared with the traditional installation method.
The Ignition Team advising on this telecoms company investment was led by Corporate Partner Phil Robinson, with Joanna Elvidge, Alexandra Gordin, John McLean and Nicky Cranfield.