ALINDA ACQUIRES U.K. DIGITAL INFRASTRUCTURE COMPANY GLIDE
June 1, 2020
Investment funds managed by Alinda Capital Partners today acquired Glide Group, the UK’s leading provider of broadband for student accommodation and for regional small and medium enterprises. The business is headquartered in Clevedon and has offices in Birmingham and Coventry in the United Kingdom.
Glide is a B2B digital infrastructure business serving student accommodation, build-to-rent residential accommodation, and regional business parks. Glide benefits from having long term contracts with universities. Glide has built the UK’s leading national fiber network in this specialist market, reaching approximately 100,000 premises and approximately 250,000 customers.
Jim Metcalfe, Managing Partner of Alinda, said, “Digital infrastructure is a priority area of focus for us. Glide has an outstanding management team and we look forward to supporting them in the continued growth of the business.”
Addleshaw Goddard acted as legal counsel to Alinda in the transaction.
See Sky News story: Heathrow investor in Glide towards £200 million student broadband firm