STAR AMERICA INFRASTRUCTURE PARTNERS CLOSES INVESTMENT IN CANADIAN FIBER OPTICS CORPORATION
Star America Infrastructure Partners investment in Canadian Fiber Optics Corporation will provide important growth equity to connect rural Canadian communities to reliable and fast fiber networks.
July 25, 2022 (Roslyn Heights, NY) – Star America Infrastructure Partners has closed its investment in Canadian Fiber Optics Corporation (‘CFOC’), a fiber optics company based in Calgary, Alberta who is focused on developing and operating fiber networks in Western Canada. The investment will provide important equity for CFOC to support its growth ambitions to deliver fast and reliable internet services to underserved rural Canadian communities.
“Over the last few years our team members in the field and the office have done an incredible job of pushing industry boundaries to service rural communities with our world class rural fiber platform and gigabit internet services’’ said Jodi Bloomer , President of Canadian Fiber Optics. ‘”With Star America as our new partner, we have the opportunity to create additional jobs, and support many more rural Canadian communities, their businesses and our industry by delivering this essential fiber infrastructure and our internet services to markets that have been deemed impossible and unreachable.”
“This is a key milestone for our Company said CEO Arjen Kaput.” Jodi and I are very excited about the future as Star’s Investment will empower Canadian Fiber Optics to further bolster our talented team and enter into new markets to deliver our industry-leading products and services. We are resetting the benchmark of what is possible in rural Canada. We have come far in under five years and are poised to eclipse our current progress within the next year, as we build our reputation as the best ISP in Canada, connecting all within our reach.”
“Star America is excited to partner with CFOC and support its growth plans to continue to develop fiber networks in rural communities throughout Western Canada” said Christophe Petit Star America. “We’re really looking forward to CFOC’s next chapter.”
The transaction was supported by Stikeman Elliot LLP who served as legal counsel to Star America Infrastructure Partners and Bennett Jones LLP serving as Legal counsel to CFOC. Solomon Partners acted as financial advisor to Star America Infrastructure Partners. Star America was also advised by Deloitte Canada LLP, Cartesian and American Global.
ABOUT CANADIAN FIBER OPTICS CORPORATION
Canadian Fiber Optics Corporation is a builder, owner, and operator of fiber optic networks, providing high bandwidth, internet services to rural residences and businesses in Western Canada since 2017. For more information about Canadian Fiber Optics Corporation please visit https://canadianfiberoptics.ca/.
Arjen Kaput
Chief Executive Officer
1-888-236-2947
arjen@canadianfiberoptics.ca
Jodi Bloomer- Kaput
President
1-888-236-2947
jodi@canadianfiberoptics.ca
FOR INQUIRIES:
Christophe Petit
Co-Founder & President
Star America Infrastructure Partners, LLC
Tel: +1 516 882 4100
cpetit@starinfrapartners.com
ABOUT STAR AMERICA
Star America, a subsidiary of Tikehau Capital, a European listed asset management and investment group with €35.5 billion of assets under management (as of March 31, 2022) and shareholder equity of €3.0 billion (as of December 31, 2021), is an independent U.S. headquartered developer and manager of infrastructure assets in North America. With an investor base that includes large institutional investors such as insurance companies and pension funds, among others, Star America focuses on delivering infrastructure projects primarily across the transportation, social, environmental and telecommunications sectors. As of March 31, 2022, Star America has over $850 million of assets under management and its track record includes investments in 16 infrastructure assets, which have a total project cost valued at greater than $5 billion. Star America’s mission is to become the preferred partner in rebuilding America’s infrastructure.
Disclaimer
This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed.
Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of Tikehau Capital and/or its affiliates. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to Tikehau Capital’s advisory activities in the US or with respect to US persons relates to Tikehau Capital North America.
