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December 2018

Agilitas completes buyout of Teracom Danmark and bolsters senior team

Agilitas, the pan-European mid-market private equity firm, today announces the completion of its buyout of Teracom A/S and Digital Radio Teracom A/S (together the ‘Company’ or ‘Teracom Danmark’), Denmark’s leading independent tower company. The transaction was signed on the 26th of October 2018 and subsequently approved by the Danish Competition and Consumer Authority.

The acquisition is at the core of the Agilitas strategy of partnering with exceptional managers to acquire defensible companies that operate in regulated environments.

Rasmus Helmich, formerly CEO of Nianet, has been appointed to the board of the Company as Chairman, effectively immediately, and Søren Fæster, formerly CFO of Nianet, will join as CFO in January 2019. They will work alongside the current management team, led by CEO, Martin Løbel.

Kevin Iermiin, of Agilitas, who will be joining the Board of Teracom Danmark, commented: “Adding the significant experience of Rasmus Helmich and Søren Fæster to the management team is a positive start to our partnership. We are confident that both will play a major role in supporting and accelerating Teracom Danmark’s development.”

Rasmus Helmich, Chairman, commented: “I am very excited about the potential I see in Teracom Danmark, and I look forward to working with the management team and Agilitas to develop the business further.”

Commenting on today’s announcement, Martin Calderbank, Managing Partner at Agilitas, said: “We are delighted that Rasmus and Søren are joining Teracom Danmark. They bring valuable experience in areas of growth for the Company.”

Teracom Danmark is the operator and owner of the nationwide digital terrestrial TV (‘DTT’) and terrestrial radio broadcasting tower infrastructure network. It is also the sole independent tower operator providing mobile network operators nationwide colocation coverage. The Company owns 34 high towers (>100 meters) across Denmark, providing cost-effective nationwide broadcast and transmission coverage.It owns the land and buildings on 28 of the 34 tower sites as well as equipment across c. 170 additional sites. The Company also owns and operates datacentres and 3,500 km of fibre connections, maintains networks for mission critical services and offers internet-of-things infrastructure. The business is headquartered in Copenhagen and has approximately 70 employees.

The transaction was financed using an innovative financial structure including mortgage debt from Nykredit and a mezzanine loan provided by Capital Four. The terms of the transaction are not being disclosed.

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