Deals
Morrison-Led Group to Buy FiberLight for About $1 Billion
- Deal is firm’s first North American digital infrastructure bet
- Australian Retirement Trust, Calstrs are part of consortium
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A consortium led by HRL Morrison & Co. said it agreed to acquire US fiber infrastructure provider FiberLight, marking the firm’s first North American digital-infrastructure bet.
Superannuation fund Australian Retirement Trust and a client of UBS Asset Management are part of the consortium that agreed to buy FiberLight from Thermo Companies, the companies said in a statement Thursday. California State Teachers’ Retirement System is the UBS client, and the transaction values FiberLight at about $1 billion including debt, according to people with knowledge of the matter, who asked to not be identified because the financial details are private.