Scandinavian-based Direct Lender Capital Four provides financing to Danish network infrastructure operator Teracom Danmark
Scandinavian-based Direct Lender Capital Four provides financing to Danish network infrastructure operator Teracom Danmark
On behalf of funds managed by Capital Four, we are pleased to announce a debt financing in support of Agilitas’ acquisition and future development of Teracom Danmark (“Teracom” or the “Company”), the operator and owner of the nationwide digital terrestrial TV and terrestrial radio broadcasting tower infrastructure network and the sole independent tower operator providing mobile network operators nationwide colocation coverage.
On behalf of funds managed by Capital Four, we are pleased to announce a debt financing in support of Agilitas’ acquisition and future development of Teracom Danmark (“Teracom” or the “Company”), the operator and owner of the nationwide digital terrestrial TV and terrestrial radio broadcasting tower infrastructure network and the sole independent tower operator providing mobile network operators nationwide colocation coverage.
About Teracom:
Teracom owns 34 high towers (>100m) across Denmark, providing cost-effective nationwide broadcast and transmission coverage. It owns the land and buildings on 28 of the 34 tower sites as well as equipment across c. 170 additional sites. The Company also owns and operates datacentres, 3,500 km of fibre connections, internet of things services and maintains networks for mission critical services. Teracom is headquartered in Copenhagen and has approximately 70 employees. In 2017, it had net sales of DKK 274m.
Teracom is a defensible company operating in a regulated environment and has a vision to become the leading infrastructure and managed service provider of critical services and is well-positioned to continue its development as Denmark’s leading tower network company.
The financing for the transaction will close once the Danish Competition and Consumer Authority have released approval.
About Capital Four:
Founded in 2007, Capital Four is a leading and independent specialist investment manager with €11Bn AuM, focusing purely on sub-investment grade credit across private debt, syndicated loans, high yield bonds and alternative credit.
Capital Four has been active in originating and managing direct lending transactions since 2013, with a focus on the lower mid-market and mid-market across the Nordics and Northern Europe.
Value creation in Capital Four investment portfolios is driven by a rigorous bottom-up, team-focused investment process, which has been proven during bull and bear markets. Based in Copenhagen, the team consists of 58 credit specialists.
This is the firm’s 46th private debt transaction on behalf of its institutional limited partners.