Panmure Liberum acts as Financial Adviser to Digital 9 Infrastructure plc
Panmure Liberum acts as Financial Adviser to Digital 9 Infrastructure plc on an independent review of its investment management arrangements.
We are pleased to announce that Panmure Liberum has acted as Financial Adviser to Digital 9 Infrastructure plc (“D9”) on an independent review of its investment management arrangements, culminating in the appointment of InfraRed Capital Partners Limited (“InfraRed”).
In March 2024, D9 shareholders approved the managed wind-down of the London-listed investment trust, which has five remaining digital infrastructure assets, the largest of which is an investment in Arqiva, which provides digital infrastructure, broadcast transmission and smart meter facilities across the UK.
InfraRed has more than 15 years of listed companies experience and is the manager of two of the largest UK-listed infrastructure investment companies. InfraRed has a strong divestment track record and, since the start of 2023, has divested £1.7bn of assets across strategies and sectors, achieving a 11% premium to carrying value, despite the challenging market backdrop.
The process undertaken by Panmure Liberum included an extensive review of the Company's existing management arrangements, engagement with a number of high-quality investment management firms, a rigorous selection and competitive tender process, and consultation with D9's major shareholders. The appointment of InfraRed is subject to certain regulatory approvals and third party consents, expected in Q4 2024.
Panmure Liberum Team
Investment Banking – Chris Clarke, Darren Vickers, Anake Singh
Sales – James Shields
CIR – Skaiste Miglin
