DMH Stallard advises Lightning Fibre on investment to accelerate delivery of 'hyper-fast' connectivity in South East

05 Oct 2020

A major investment in Lightning Fibre, a community-oriented full fibre network provider, will see hyper-fast fibre broadband rolled out in East Sussex with Eastbourne and Hastings the first towns to receive the cutting-edge technology.
The announcement follows the completion of a long term finance agreement between Lightning Fibre by the Foresight Group, a leading infrastructure and private equity investment manager.
The investment will accelerate the growth of Lightning Fibre’s Fibre-to-the-Premise network across the wider south east. 
With headquarters in Eastbourne, Lightning Fibre will build, install and operate new full fibre infrastructure, delivering broadband of up to 10GBps to over 100,000 homes and businesses currently served by ageing copper infrastructure.
Leading south east law firm, DMH Stallard advised Lightning Fibre on the private equity investment and share sale.
Abigail Owen, Corporate team at DMH Stallard, led on the transaction, working closely with Vincent O’Brien and Kay Miles at DMHS.
Abigail said:
“This deal will see the network of hyperfast broadband extended initially across East Sussex; connectivity is critical at home and at work, and accelerating the installation of this technology will bring a timely boost to the local economy and the creation of new jobs.
“We were delighted to advise the team at Lightning Fibre and help move the company from it’s start up/early trading position onto its next phase of development.”
Lightning Fibre was also advised by EMC Corporate Finance. Foresight’s advisers included Acuity Advisors, CMS Cameron McKenna Nabarro Olswang LLP and Analysys Mason.

Further reading

CMA fines pharmaceutical company more than £100m

Drug pricing policies under scrutiny as CMA comes down hard on inflated prices and supernormal profits
Read more Read

5 data protection changes to be aware of

Commercial law specialist Liz Gillingham provides a summary of recent developments in data protection law
Read more Read

Destination: office?

Blog, News & PR
Emily Wood considers the results of our recent survey and the implications for the future of the post-pandemic workplace
Read more Read

Commercial lease renewals and pandemic clauses

Will commercial reality trump the law when leases are up for renewal? Property expert James Picknell takes a look
Read more Read
  • Brighton Office

    1 Jubilee Street


    East Sussex

    BN1 1GE

  • Gatwick Office

    Griffin House

    135 High Street


    West Sussex

    RH10 1DQ

  • Guildford Office

    Wonersh House

    The Guildway

    Old Portsmouth Road



    GU3 1LR

  • Horsham Office

    Ridgeland House

    15 Carfax


    West Sussex

    RH12 1DY

  • London Office

    6 New Street Square

    New Fetter Lane


    EC4A 3BF

  • Get in touch