BDO advises digital specialist on its sale to US investment firm

James Fieldhouse

BDO’s North West M&A team has advised wireless infrastructure developer and owner, Spyder Facilities, on its sale to global investment firm Digital Colony as the business targets UK growth of its digital infrastructure.

James Fieldhouse, director in BDO’s Manchester corporate finance team, led the deal. Financial terms of the transaction were not disclosed.

Spyder Facilities, which is headquartered in Hertfordshire, has built an excellent reputation over the past 20 years for its exceptional portfolio of more than 5,000 assets that enable mobile operators across the UK and Ireland to deliver high-quality services to their customers.

Andrew Saunders, director of Spyder, said: “As we shift to the internet of things and other next generation technologies, connectivity is more critical than ever, and this partnership reinforces that goal. We are excited to be joining the Digital Colony UK platform to enhance our mutual capabilities.”

James Fieldhouse, director at BDO, said: “As an entrepreneurial business with its sights set firmly on expansion, this deal will allow the team at Spyder to accelerate growth and boost its existing capacity.

“These companies are operating in a fast-moving sector with huge potential and we look forward to seeing the ongoing success of the combined teams.”

Graham Payne, chief executive of US-based Digital Colony’s UK digital infrastructure platform, added: “As part of the Digital Colony UK platform Spyder will offer an even more compelling proposition to operators.

“Spyder’s agile, can-do and collaborative approach combined with our powerful resources will bring a fresh wave of towers to the market.”

Earlier this month Digital Colony said it had raised $4.05bn to invest in digital infrastructure, seeking to capitalise on new technologies such as 5G wireless networks.

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