Cameron Barney advises Giganet on its £250m capital injection from Octopus Investments

May 2021

Cameron Barney LLP is pleased to announce that it acted as exclusive financial adviser to M12 Solutions (the “Company”) in obtaining a long-term funding solution from Fern Trading to substantially expand the reach of its Giganet-branded ISP and accelerate the build of a substantial fibre network in central southern England.

Work has already commenced on the build of Giganet’s full fibre network to directly connect homes and businesses in Hampshire, Wiltshire, Dorset and West Sussex, and offer its Giganet full fibre broadband service to subscribers over Openreach and CityFibre’s full fibre networks. Giganet is targeting some two million homes and businesses in the region. 

The transaction was structured to enable Fern Trading Limited (“Fern”), advised by Octopus Investments (“Octopus”), to acquire M12 Solutions, introduce additional senior executives, enable an investment by Fern of £250m and offer significant ownership participation by the management and employees.  The Company’s plans are expected to generate a significant number of new jobs in the region over the next decade.

Check out the Giganet team’s video announcements below.

About Giganet

Giganet is a highly experienced and well-proven Internet Service Provider with an almost perfect Trustpilot rating and an ambition to become one of the leading ISPs in the UK.  With over eight years as an ISP, originally focussed on business connectivity and telecommunications, Giganet has been connecting residential customers to full fibre broadband for the past two years through relationships with CityFibre and Openreach.   Giganet is resilient, scalable and adaptable to its customer’s needs. With a focus on reliable, fast speeds and honesty, Giganet is here to be different.

About Cameron Barney

Cameron Barney is an independent merchant bank providing financing and M&A advice to fast-growing companies in the ‘infra-tech’ sector.  Cameron Barney has advised on over 20 transactions in the UK broadband sector.  In addition to its advisory work, Cameron Barney is co-manager of Digital Infrastructure Investment Partnership (DIIP) which invests directly in fibre broadband infrastructure in the UK.  Cameron Barney is authorised and regulated by the Financial Conduct Authority.