On 11 January 2018, Stonepeak Infrastructure Partners completed the transaction to acquire the majority interest in euNetworks. In addition, Stonepeak is investing up to an additional $500m of equity capital to support the growth of the company. On 3 June 2020, euNetworks secured an additional €250 million of capital from the Investment Management Corporation of Ontario (“IMCO”), an investor since 2018, alongside a new commitment from a vehicle managed by Stonepeak Infrastructure Partners. Columbia Capital and previous investors such as QIC, Greenspring and GK Goh continue to hold a material interest in the company, along with Newlight Partner and Railpen. They are long-term investors who understand the capital intensive nature of our business and the associated returns available from capital investment.
We have demonstrated our ability to remain focused on what we do well, while investing in and developing our network footprint. But we’ve seen the nature of the opportunity continue to grow exponentially and see Stonepeak as the right partner for the next phase of our growth. We are genuinely excited at what this transaction and partnership offers our customers, our people and our existing investors
Chief Executive Officer