Privately held

In August 2024, euNetworks closed on a €2.1 billion equity recapitalisation.

euNetworks is well positioned to continue advancing its leadership position in the rapidly evolving connectivity and bandwidth infrastructure space. Data centre connectivity needs continue to grow.

Leading investors in the recap included a Stonepeak managed vehicle anchored by Mercer and Aware Super, and direct investments from the Investment Management Corporation of Ontario (“IMCO”) and APG Asset Management (“APG”). The equity commitments followed the company’s recent debt refinancing announced in June 2024 and together further euNetworks’ momentum as the company continues to scale and execute against its strategic priorities.

  • euNetworks is focused on delivering scalable, fibre based solutions between data centres to a customer base that is at the centre of the digital revolution.
  • Customer needs have shaped euNetworks’ program of network investment and will continue to do so
  • euNetworks remains focused on growing its network platform and has the opportunity to accelerate growth and deliver more for customers.

Stonepeak acquired the majority interest in euNetworks in January 2018. IMCO has also been a committed investor in euNetworks since, 2018, and increased it’s commitment in 2020 alongside a new commitment vehicle managed by Stonepeak.

recap press releaserefinance press release

Our successful debt refinancing and equity recapitalisation underscores the robust value proposition and fundamental infrastructure delivered by euNetworks. We’ve had a fantastic partnership with Stonepeak and IMCO since 2018 along with our other investors, and we extend our gratitude to them for their unwavering support. The combination of Stonepeak, IMCO, APG, Mercer and Aware Super coming together as the new euNetworks represents a very strong opportunity for our customers, our people, our partners and the communities in which we operate. We’re very proud of what we’ve achieved and are excited for the future, continuing to construct and deliver Europe’s future critical infrastructure with our customers and our long-term committed investors.

Kevin Dean

Interim Chief Executive Officer, euNetworks

investor enquiries