Cameron Barney advises Grain Connect on £10m funding from the Albion Real Assets Fund
November 2019
Cameron Barney LLP is pleased to announce that it acted as financial adviser to Grain Connect (“grain”) in obtaining an initial GBP10million of funding from the Albion Real Assets Fund (“ARAF”) – a fund managed by Albion Capital.
Grain is one of the leading providers of ultrafast fibre broadband services to predominantly new build communities across the UK. This investment by ARAF will enable grain to expand its network and service offering, grow its team and capitalise on the latest phase of new housing developments across the UK. Grain will continue to work with Pinnacle Group to support communities within the Pinnacle portfolio. At the same time as this investment, grain has concluded the acquisition of certain fixed network assets from Solway Communications.
“We are delighted to welcome ARAF as a shareholder. They are already very familiar with the UK fibre broadband sector and will enable us to fulfil the next phase of our growth plans. Cameron Barney is also one of the UK’s most experienced advisers in raising capital in this sector and provided the Company and our founding shareholders (Pinnacle and Solway) with excellent advice. We very much enjoyed working with them.”
“We are very pleased to have advised grain on this transaction. Grain is already providing a compelling service to owners of new build properties and has built close relationships with several housebuilders. This investment enables grain to grow substantially faster and support many more developments nationwide.”
About Fern
Fern Trading Limited began operations in 2010 and has grown to become the parent company of a large trading group. This group now comprises more than 200 companies with business interests spread across the UK in renewable energy, healthcare and fibre broadband. Fern operates in sectors that are making a valuable contribution for the long term and is currently the UK’s largest producer of solar energy from commercial-scale sites.
Visit ferntrading.com for more information
About Octopus
Octopus is a group of innovative, entrepreneurial businesses investing in the people, ideas and industries that will help to change the world. We are experts in financial services and energy, transforming these markets by offering our customers access to smart and simple solutions that do what we say they will. Today we manage more than £8.3 billion on behalf of retail and institutional investors. Octopus Energy, Octopus Investments, Octopus Renewables, Octopus Real Estate, Octopus Ventures, Octopus Wealth and Seccl Technology are all part of Octopus Group.
Visit octopusgroup.com for more information
About Cameron Barney Herbst Hilgenfeldt (‘CBHH’)
Cameron Barney Herbst Hilgenfeldt (‘CBHH’) is an independent merchant bank providing financing and M&A advice to fast-growing companies in the ‘infra-tech’ sector. Cameron Barney LLP is authorised and regulated by the Financial Conduct Authority.
For further information please contact:
Cameron Barney LLP
Charles Cameron +44 7785 292 019
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