Clifford Chance advised global investment firm KKR on its investment in Deutsche Glasfaser as well as on the refinancing of the group.

KKR will acquire a majority stake and has formed a partnership with the current owner, Dutch investment firm Reggeborgh, for the further expansion of Deutsche Glasfaser. The investment is funded by KKR's Infrastructure Fund II and remains subject to customary closing conditions including antitrust clearance.

Deutsche Glasfaser plans, constructs, and operates fibre-optic networks in Germany and provides German households and companies with fast broadband connections.

KKR and Reggeborgh plan to provide Deutsche Glasfaser with further capital to expand the fibre-optic infrastructure in Germany, especially in rural parts of Germany. In connection with the refinancing of Deutsche Glasfaser an expansion financing has also been agreed.

The Clifford Chance team was led by partner Markus Muhs (Private Equity, Munich) and comprised counsel Frederik Mühl and associate Paul Bock (Private Equity, Frankfurt), partner Barbara Mayer-Trautmann with the associates Melchior Raiser, Christian Cranmore and senior transaction lawyer Petra Schindler (all Finance, Munich) as well as counsel Philipp Kropatscheck (Finance, Frankfurt), partner Marc Besen and associate Miriam Kammer (both Antitrust, Düsseldorf).