PARIS, FRANCE: Antin Infrastructure Partners and OpticalTel collectively introduced that Antin has acquired a majority curiosity in OpticalTel, a number one fiber broadband supplier in Florida. OpticalTel is Antin’s sixth funding through its mid cap fund.
Founded in 2004 by Mario Bustamante, OpticalTel is a fast-growing supplier of important high-speed web and telecommunication services, with a spotlight on residential bulk contracts to customers located in homeowners and condo-owners associations. Antin’s funding will support the subsequent chapter of OpticalTel’s growth because it deepens its buyer relationships in existing markets and additional expands its geographic footprint all through the region, whereas persevering with to ship distinctive service to its valued customers.
Mr. Bustamante will retain an possession stake in OpticalTel and stay on the board of directors. Luis Rodriguez, CEO and President, will proceed to lead the corporate with the support of its long-tenured administration team. As an skilled fiber investor, Antin will leverage its experience to support OpticalTel’s enterprise plan.
Kevin Genieser, Senior Partner at Antin, stated: “We see this partnership with the OpticalTel team as an immense growth opportunity. Fiber is on the core of modern infrastructure, offering mission-critical, low-latency bandwidth services to a buyer base that has increasing demand for data. We believe OpticalTel is very well-positioned to meet this want within the fast-growing Florida market.”
Luis Rodriguez, CEO and President of OpticalTel, commented: “We are thrilled to be partnering with Antin as we enter the subsequent chapter of OpticalTel’s journey. The strength of our relationships within the area speaks to our ability to ship best-in-class technology and connectivity to our customers. With Antin’s support, we’re excited to scale and proceed executing on the highest level for these we serve.”
Mario Bustamante, Founder of OpticalTel, added: “Since founding OpticalTel 18 years ago, I have sought to present important connectivity services to these in my community. I am grateful to all these that helped construct OpticalTel over the years and for Antin’s dedication to support the team going forward.”
Lazard and RBC Capital Markets served as monetary advisors to OpticalTel whereas Latham & Watkins served as authorized advisor. TD Securities served as monetary advisor to Antin whereas Greenberg Traurig served as authorized advisor. Citizens (administrative agent), CIT (a division of First Citizens Bank) and TD Securities acted as lead arrangers on the debt financing.
The transaction is anticipated to shut in early 2023, topic to customary regulatory approvals.
Founded in 2004 and based in Coral Gables, Florida, OpticalTel is a regional fiber broadband supplier serving large areas of South and Central Florida. OpticalTel offers a number of merchandise and services, together with high-speed internet, cloud-based video, and digital telephony services. OpticalTel serves a number of communities together with homeowners and condo-owners associations, student housing and assisted living facilities.
Antin Infrastructure Partners is a number one private fairness agency focused on infrastructure. With over €29 billion in assets under administration throughout its Flagship, Mid Cap and NextGen funding strategies, Antin targets investments within the energy and environment, digital, transport and social infrastructure sectors. With offices in Paris, London, New York, Singapore and Luxembourg, Antin employs over 190 professionals devoted to growing, improving and transforming infrastructure companies whereas delivering long-term worth to portfolio companies and investors.