
- 30 September 2020
- News
Silverpeak advises fibre broadband network operator Zzoomm on £100m investment by Oaktree
Silverpeak, the technology investment bank, acted as the exclusive financial advisor to Zzoomm on an initial £100m equity investment by funds managed by Oaktree Capital Management, L.P. (“Oaktree”).
Zzoomm was founded by industry veteran Matthew Hare, who launched rural broadband player Gigaclear a decade ago, and this year hired former Virgin Media and TalkTalk executive Richard Sinclair as its chief operating officer. The company has built a full-fibre network in Henley-on-Thames over the past 12 months and plans to expand to similar locations to build a telecoms company focused on market towns that need higher internet speeds. The Oaktree investment will fund a rollout to pass 1m homes with freshly laid fibre optic cables within five years.
Silverpeak was appointed due to its expertise in growth fundraising and connections with global investors. A range of infrastructure investors with strong interest in telecoms and tech infrastructure were approached. The deal team advised the company on the funding strategy and managed the process from start to finish.
Matthew Hare said: “Silverpeak has been at my side with huge dedication and provided very valuable support throughout the whole deal. They have created a lot of interest from investors, helped us to choose the right financial partner and skillfully negotiated the deal. The Board really trusted their advice”.
Pietro Strada, a Managing Partner at Silverpeak added: “It has been a pleasure to work with Matthew and the Zzoomm team and helping them bring in the right partner for the next phase of their journey.”
For more information please contact Pietro Strada: ps@silverpeakib.com

Silverpeak advises ClearSpace SA on $29m financing round
READ MORE
Silverpeak advises Irish hoteltech pioneer, Avvio, as it joins forces with US private equity backed Sceptre Hospitality Resources (SHR)
READ MORE
Silverpeak has advised Vaarst on the extension of their Series B financing round, bringing the fundraising total to over $26m.
READ MORE
Silverpeak advises a leading P2P marketplace, Camplify, on its strategic acquisition of PaulCamper
READ MORE
Silverpeak advises additive manufacturing and advanced materials leader, CRP, on strategic investment by ITT
READ MORE
Silverpeak advises leading RegTech supplier Worksmart on sale to Davies Group
READ MORE