DC Advisory advises Stiegeler Group on raising a capex facility for its FTTH roll-out from Kommunalkredit
Background
- Stiegeler Group (Stiegeler) is a founder-led rural fibre provider in Southwestern Germany, focused on underserved regions, and is owned by Felix Stiegeler and Adiuva Capital, a German growth investor
- Stiegeler operates a fibre network of >60k homes in Southwestern Germany, deploying and operating both fibre to the cabinet (FTTC) and fibre to the home (FTTH)
- Germany is considered one of the most underserved broadband markets in Europe, reflecting the importance of Stiegeler’s role in connecting local communities in Southwestern Germany
Process
- DC Advisory was appointed as exclusive financial advisor by Stiegeler
- Leveraging its extensive knowledge and experience in the fibre sector, DC Advisory supported Stiegeler throughout the financing process and successfully delivered a number of detailed work streams, including:
- Business plan development and analysis;
- Financial modelling and debt structuring; and
- Documentation negotiation and engaging with potential lenders
Outcome
- DC Advisory supported Stiegeler in securing a c. EUR 60M financing package from Kommunalkredit, executed on competitive terms
- This funding will support Stiegeler's FTTH network ambitions for the future
- This transaction is subject to customary closing conditions
- This transaction further reinforces DC Advisory’s experience in advising on complex infrastructure financings
What to read next
Date
Sectors
- Infrastructure
Deal locations
Deal team
Managing Director
Director
UN SDG Activity
Actions
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