Macquarie Capital Increases Ownership Stake in Voneus and Investment from Israel Infrastructure Fund
Bryan Cave Leighton Paisner (BCLP) advised Macquarie Capital on taking a majority shareholding in UK rural broadband business Voneus and a partnership with Israel Infrastructure Fund (IIF), represented by Yigal Arnon, to further accelerate growth and the commencement of fibre rollout activity across rural areas of the UK.
London Partner Patrick Johnson led the BCLP team advising Macquarie Capital, which included Associates Scarlett Evans, Alisa Sasko and Soroush Fini and Partner Andrew Hart.
Yigal Arnon partners David Schapiro and Eliran Furman, along with attorneys Evyatar Katz and Michael Horowitz lead the deal for IIF.
BCLP previously advised Macquarie Capital on its initial investment in August 2019 and on subsequent transactions to support the growth of Voneus, which is a leading provider of Fixed Wireless Access (FWA) technology, providing superfast broadband to rural homes and businesses.
The business has a near-term objective to connect more than 100,000 rural homes to fibre and is well positioned to participate in “Project Gigabit” and help deliver on the UK government’s ambition to ensure traditionally hard to reach rural communities can benefit from superfast broadband.
Macquarie Capital also has added the Israel Infrastructure Fund (IIF) to the investment consortium, to further accelerate Voneus’ growth.
