KPMG Deal Advisory M&A acted as exclusive financial advisor to Relined B.V. on the sale of Globalways GmbH to Zayo Group

KPMG Deal Advisory M&A (“KPMG”) acted as exclusive financial advisor to Relined B.V. (“Relined”), the connectivity subsidiary of Dutch state-owned electricity grid operator TenneT, on the sale of Globalways GmbH (“Globalways”) to Zayo Group (“Zayo”), one of the world’s leading providers of fibre-based connectivity solutions and a portfolio company of infrastructure investors EQT and Digital Bridge. The transaction is subject to customary closing conditions and is expected to be completed in Q4 2023.

Globalways is a leading B2B connectivity provider in the Stuttgart metropolitan region, with more than 15 years of experience, 360 km of owned fibre infrastructure and more than 700 on-net buildings. Besides its home market Stuttgart, Globalways serves business customers in larger German cities such as Berlin, Munich and Frankfurt am Main. For Zayo the acquisition represents a strategic move which enhances Zayo’s presence in Europe and particularly in Germany.

Kristel Landa, CEO at Relined, commented: „We are pleased to announce this successful transaction with Zayo Group. This strategic move ensures the continued success of Globalways and opens new possibilities in the evolving landscape of fibre-based communications solutions.“ The strategic importance of the transaction is further underlined by Yannick Leboyer, Managing Director at Zayo, who said: “This acquisition will enable Zayo to offer an extended range of services to our European clients and provide Globalways’ customers with access to Zayo’s extensive international network. This is a testament to our commitment to delivering unparalleled connectivity solutions and further building our presence in Germany.”

KPMG acted as exclusive financial advisor to Relined. The transaction proofs once again KPMG’s in-depth M&A expertise in the German telecommunications and digital infrastructure sector. Previous KPMG-led transactions in this sector include inter alia the sale of GVG Glasfaser to Palladio Partners (2019) and of TNG Group to ICG Infra (2021).

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About Globalways GmbH

Globalways is a leading independent B2B high-speed connectivity provider in the Stuttgart metropolitan area. The company operates ~360 km of majorly owned infrastructure in the region, providing mission-critical point-to-point connectivity solutions to a broad base of long-standing clients.

About Zayo Group

For more than 15 years, Zayo has empowered some of the world’s largest and most innovative companies to connect what’s next for their business. Zayo’s future-ready network spans over 17 million fibre miles and 142,000 route miles. Zayo’s tailored connectivity and edge solutions enable carriers, cloud providers, data centres, schools, and enterprises to deliver exceptional experiences, from core to cloud to edge. (Source: Zayo)

Relined B.V.

Relined Fiber Network is a leading and independent provider of reliable, high-quality connectivity. Relined operates a fibre network of around 50,000 km in North-Western Europe, to which more than 120 carrier-neutral data centres are redundantly connected. Additionally, Relined serves its customers through an offshore network between Denmark and the Netherlands.

About KPMG Deal Advisory

With more than 2,300 professionals in over 80 countries and with offices in major financial hubs including Berlin, Frankfurt, Paris, London, Zurich, New York, San Francisco, Los Angeles, Toronto, Singapore, Hong Kong, Shanghai, Beijing, Tokyo and Sydney, KPMG’s M&A network includes more corporate finance experts than any other global investment banking network. Furthermore, it covers the largest number of countries and commands extensive industry reach and C-Suite access. With over 3,000 deals closed since 2014, KPMG is one of the leading and most active international MidCap M&A advisors and consistently ranks top 3 by number of deals globally.