CapMan Infra’s portfolio company Valokuitunen closes EUR 400 million refinancing

Avance advises CapMan Infra’s portfolio company Valokuitunen Oy in a financing package close to EUR 400 million, of which EUR 285 million is committed at closing. The debt package has been provided by a group of banks consisting of KfW, SEB, Société Générale, Crédit Industriel et Commercial, and NIBC. Valokuitunen, a joint venture between CapMan Infra and Telia Company, is the largest fibre-to-the-home (FTTH) company in Finland. Valokuitunen deploys fibre networks to residential neighbourhoods on a national scale. The funding sets the company up for the next phase of expansion in the Finnish market.

Valokuitunen was advised on the financing by Rothschild & Co, Latham & Watkins, and Avance Attorneys.