KKR acquires UK broadband group Hyperoptic

14 October 2019 - 12:00 am UTC

KKR Infrastructure has completed the acquisition of a 75% stake in UK high speed broadband network provider Hyperoptic.

KKR and Hyperoptic said in a press release on Monday (14 October) that KKR had bought the majority stake from US-based investor NewLight Capital and Abu Dhabi sovereign wealth fund Mubadala Investment Company. 

NewLight Capital, which invested GBP 50m in Hyperoptic in 2013, was previously part of billionaire investor George Soros’s Soros Investment Management before being spun out last year. 

KKR and Hyperoptic did not specify the stake size or disclose the price, but a source close to the situation said KKR is buying 75% of the company, with existing management retaining the remainder. The deal values Hyperoptic at around GBP 500m, he said.

KKR declined to comment. Hyperoptic did not respond to a request for comment. 

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