US infrastructure investor Alinda Capital has taken over Glide after Inflexion’s exit.
Glide designs, installs and manages fibre networks required to deliver broadband connectivity together with other critical products and services to student accommodation, the private rental sector and small and medium sized enterprises.
Inflexion’s bought Glide in 2013 acquisition along with WarwickNet to diversify its customer base and offering.
Simon Turner, managing partner at Inflexion said: “We are pleased to have supported Glide’s strong growth journey, which has seen the company transformed into the UK fibre leader serving niche markets and benefitting from the exponential growth in broadband usage.”
He said: “ Glide attracted strong interest at this time and this is vindication of its position as a robust leader in its field. Its transformation though the strategic M&A we supported has given it a very strong and defensible position, making it well placed to continue to grow further with its new backers.”
Inflexion’s investment helped the company to build a UK fibre network in a specialist market, reaching 100,000 premises and close to 250,000 customers.
“Inflexion’s strong experience in the technology and telecoms sector has been invaluable as we have expanded our network, enhanced our capacity and improved our services”, said Tim Pilcher, CEO of Glide. “With Inflexion’s support we were able to successfully complete two transformational strategic acquisitions, making Glide a national leader in our target markets”, he added.
