Warburg Pincus, DTCP acquire Community Fibre

Warburg Pincus is currently investing from its Global Growth Fund, which closed on $14.8bn in November 2019 and makes equity investments ranging from $50-500m.

DTCP is investing from its first fund, which closed on €500m in November 2014.

The acquisition has been made alongside Community Fibre's existing investors Amber Infrastructure and RPMI Railpen.

The fresh capital will go towards the company's target of a roll-out of full-fibre broadband to one million London households and businesses by 2023.

Olaf Swantee, the former CEO of EE, will join Community Fibre as executive chairman.

Previous funding
Literacy Capital invested an undisclosed amount in the company in 2017.

RPMI and National Digital Infrastructure Fund invested £25m in the company in 2018.

RPMI and Amber Infrastructure invested £50m in July 2019.

Company
Founded in 2013, Community fibre is a full-fibre broadband provider based in London.

People
Warburg Pincus - Rene Obermann (co-head of Europe, managing director, Warburg Pincus Deutschland).
Community Fibre - Graeme Oxby (CEO).

Advisers
Equity – Greenhill (corporate finance).
Company – Jefferies International (corporate finance).

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• Warburg Pincus