Investment funds managed by Alinda Capital Partners have acquired Glide Group, the UK’s leading provider of broadband, networks and utilities for student accommodation, house-sharers and small and medium enterprises. The business is headquartered in Clevedon and has offices in Birmingham and Coventry in the United Kingdom. The business was acquired from a fund managed by Inflexion Private Equity Partners LLP.
Glide is a B2B digital infrastructure business serving student accommodation, build-to-rent residential, and underserved regional business parks. Glide benefits from having long-term contracts with universities and landlords and medium-term contracts to serve businesses and students. Glide has built the UK’s leading national fiber network in this specialist market, reaching approximately 100,000 premises and approximately 250,000 customers.
Jim Metcalfe, Managing Partner of Alinda, said, “Digital infrastructure is a priority area of focus for us. Glide has an outstanding management team and we look forward to supporting them in the continued growth of the business.”
Addleshaw Goddard acted as legal counsel to Alinda in the transaction.
Alinda Capital Partners is an independent alternative asset manager focused on mid-market core-plus infrastructure investments in North America and Europe. Alinda launched the first infrastructure fund in the United States in 2005 and was one of the pioneers in introducing the infrastructure asset class to over 200 pension funds worldwide.
Alinda makes long-term investments in infrastructure businesses providing essential services to communities. Alinda maintains a strong focus on environmental, social and governance matters in all its investments. Specific sectors of interest to Alinda include transportation infrastructure, utility-related infrastructure and digital infrastructure.
In addition to managing infrastructure funds, in a separate strategy Alinda manages a fund that focuses on global equipment leasing of transportation assets.