The EQT Infrastructure II Fund has entered into a definitive agreement to sell IslaLink S.L.U. to Fiera Infrastructure, a Canadian infrastructure investor. Headquartered in Madrid, Spain, IslaLink is an independent and neutral fiber infrastructure provider. IslaLink S.L.U. owns and operates the route-redundant Balalink submarine fiber optic system connecting the Mediterranean islands of Mallorca and Ibiza with mainland Spain, as well as a terrestrial fiber ring in Mallorca, providing local operators with neutral and independent fiber infrastructure services.

EQT Infrastructure acquired IslaLink in November 2014, and during its ownership period the Company has grown its business activities in the Balearic Islands, increased its customer base, improved efficiency within the organization and de-risked the business. Building on its long-lasting partnership-like relationships with blue-chip customers, IslaLink has further strengthened a market leading position in its core Balearic Islands region.

balalink map

Moreover, EQT Infrastructure has supported IslaLink’s transformation from a founder-led business into a lean and agile organization under the leadership of CEO Esther Garcés, and her experienced management team.

Daniel Pérez, Partner at EQT Partners and Investment Advisor to EQT Infrastructure, comments, “We are proud of having been part of IslaLink’s journey over the past four years. Today, the Company focuses on delivering mission critical fiber infrastructure services to telecom operators and other customers on the Balearic Islands. IslaLink has successfully been repositioned under the leadership of Esther Garcés and her team, into a scalable telecom infrastructure platform with multiple development avenues and an exciting growth outlook.”

Esther Garcés, CEO of IslaLink, adds, “With the support of EQT, the longstanding relationship with our customers and our dedicated colleagues, we have continued to strengthen IslaLink’s leading position on the Balearic Islands. Together with Fiera, we will now continue to deliver on our mission which is to develop and provide indispensable telecom infrastructure in underserved markets.”

Closing of the transaction is subject to customary antitrust approval.

Greenhill acted as financial adviser and Allen & Overy as legal adviser to EQT Infrastructure.

The parties have agreed not to disclose the transaction value nor any financial details.