Telelink Infra Services raises EUR 8 million from BlackPeak Southeast Europe Growth Equity Fund to fuel pan-European growth
BlackPeak Capital invests EUR 8 million in Telelink Infra Services, a leading regional provider of telecom and other infrastructure services in the UK, German, and CEE markets via its BlackPeak Southeast Europe Growth Equity Fund. The investment will help continue Telelink Infra Services’ rapid growth through organic and M&A initiatives in Western Europe and CEE.
Telelink Infra Services is positioned to benefit from the continued growth and digitalization of crucial telecom, railway, and other public and private infrastructure in Europe. For over a decade, Europe has recognized the strategic importance of fast and reliable connectivity, essential for economic growth, digitization, and the green transition. As a result of the prolonged lockdowns, the drive for connectivity and digitalization has become even stronger.
The European Union is supporting investments in fixed digital infrastructure in the Member States through its pandemic recovery fund on top of the up to €3 billion Connecting Europe Facility program (CEF2 Digital) scheduled to run from 2021 to 2027. Furthermore, network operators are rapidly investing in infrastructure - the number of European wireless towers is expected to increase from 350,000 in 2015 to 450,000 in 2025. Europe’s growing service demand vastly exceeds the available capacity of service providers. Telelink Infra Services already provides a range of engineering services to meet the increasingly complex needs of leading telecom operators and other infrastructure players in Europe.
“The digital era forces an unprecedented need for transformation on our society, continuously accelerating its rate and impact, challenging all of us to adapt and change the way we work and live. Telelink Infra Services has been an innovative, reliable partner to private and public enterprises throughout Europe in this process. Our partnership with BlackPeak Capital will help us expand our services offering, expand our staff of qualified engineers, and acquire competitors to enable us to stay closer to the needs of our clients,” said Lyubomir Minchev, a majority shareholder in Telelink Infra Services.
“We are very excited to support Telelink Infra Services’ ambitious plans to expand capacity by acquiring regional and Western European players. We firmly believe that the synergy between Telelink Infra Services’ management with an outstanding track record of 20+ years and BlackPeak Capital’s expertise in helping its investee companies grow via acquisitions will help establish Telelink Infra Services as a recognized pan-European player,” said Kiril Ivanov, Investment Director, BlackPeak Capital.
Telelink Infra Services’ board of directors will be strengthened with the hire of Steve Robertson as an independent board member. Steve, the founding CEO of BT Openreach, brings over 40 years of experience in Telecoms infrastructure across the globe.
‘I am delighted to join the Board of Telelink. It is a business with an exciting vision, a track record of delivery, and a focus on innovation. The digital revolution continues to open up huge new opportunities, and I look forward to supporting the team and helping the business reach its full potential, commented Steve Robertson.
About Telelink Infra Services: Telelink’s infrastructure services were launched in 2001 as part of Telelink Group, a leading Bulgarian conglomerate focused on providing a range of infrastructure and digitalization solutions. In 2017, Telelink Infa Services was incorporated as a separate entity, as a result of a major reorganization of the Telelink Group, aimed at focusing the different offerings into individual corporate structures with dedicated management teams and strategy, introducing a new logo and brand identity.
Telelink Infra Services provides a wide variety of construction, engineering, upgrade, and maintenance services related to network and critical infrastructure to telecoms, private enterprises, and governments. The company is headquartered in Sofia, Bulgaria, and operates in 5 countries - Bulgaria, the United Kingdom, Germany, the Republic of North Macedonia, and Albania. The highly qualified international team consists of more than 400 employees.