ICG invests in optical fibre provider Océinde Communications

ICG’s newly created infrastructure team has agreed its first deal with an investment in a telecom network services provider.

ICG is investing an undisclosed amount in Océinde Communications to support the rollout of the company’s services across the French overseas department of Réunion Island.

Benoît Durteste, the CIO and CEO at ICG, said: “This deal is a perfect illustration of our strategy in the infrastructure space: a focus on mid-market opportunities, with a flexible approach to capital structuring and the ability to partner with best-in-class industrial groups.

“Océinde Communications already has a strong position in its market and, with the investment in its network, has the potential for significant growth.”

ICG’s infrastructure team was established in May last year to invest in core and core-plus infrastructure. The deal is the first in a number of deals the team are working on, with a focus on Western Europe, it said.

Nassir Goulamaly, CEO of Océinde Group, said: “With a strong, shared industrial vision, the arrival of this leading financial partner allows us to consider with still a lot of success the development of our infrastructure and to drive with ambition the digital transformation of Reunion Island into the first Smart Island in the world.”

Related images

  • Telecom

Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2543

    Asset class: Search of an Asset manager / Advisor managing / Advising a risk-based equity derivatives overlay program.
    Asset region: Global Developed Markets Equities, Global Emerging Markets Equities, Swiss Equities.
    Size: CHF 700-2100 million.
    Closing date: 2019-06-17.

  • QN-2544

    Asset class: Transitional Real Estate Debt.
    Asset region: North America (USA/Canada).
    Size: $50-100mn.
    Closing date: 2019-06-17.

  • QN-2546

    Asset class: Real Estate Equity Fund (non listed).
    Asset region: Europe.
    Size: Total CHF 600m, approx. CHF 100-300m per fund investment.
    Closing date: 2019-06-28.

Begin Your Search Now