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Member news: Melita welcomes Goldman Sachs Alternatives as new shareholder

By November 29, 2024 No Comments

Melita welcomes Goldman Sachs Alternatives as new shareholder

Friday, November 22, 2024 by Melita

Goldman Sachs Alternatives’ infrastructure business has signed an agreement to acquire Melita Limited, from EQT Infrastructure IV fund. The acquisition underscores a shared commitment to innovation, operational excellence, and sustainability.

Harald Roesch, CEO of Melita, commented: “Thanks to the support from EQT, the past 5 years have been transformational, enabling us to make substantial progress across all aspects of our business and becoming the first operator in the European Union to deploy both a nationwide Gigabit broadband network and a nationwide 5G network. Melita has done this sustainably: we are carbon neutral, are investing in solar farms to produce renewable energy and have replaced almost half our fleet with electric vehicles. This transaction reflects the achievements of our entire team and the loyalty of our customers. With Goldman Sachs Alternatives’ support and expertise, we are excited to continue our journey sustainably, investing in our infrastructure, enhancing our services in Malta and driving further innovation.”

Robert Clark, Managing Director in Infrastructure at Goldman Sachs Alternatives, said “We are excited to partner with Harald and the Melita team in the next stage of their journey. They have done a fantastic job establishing themselves as a market leader with a high-quality network, large customer base and top-tier executive team with whom we will drive continued growth and success. Melita is a great example of the opportunities available in the digital infrastructure space and we are excited to make this investment to support Melita’s continued growth on behalf of our clients.”

Ulrich Koellensperger, Partner in the EQT Value-Add Infrastructure Advisory team, said: “Building on EQT’s long track record of investing in digital infrastructure, we supported Melita through strategic investments including in its 5G coverage and an upgrade of its fiber-powered network. We are proud of the rapid progress of Melita’s IoT business which, in just a few years since inception, has grown significantly and through add-on acquisitions, established a promising new business line with a pan-European reach. We believe the Company is well-positioned for further growth and would like to thank Harald and the entire team for their dedication and wish them continued success.”

The transaction is subject to conditions including regulatory approvals.

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