Headquartered in London, UK, Xtera is a leading provider of subsea telecom networks. The company operates in a market which is experiencing rapid growth, driven by global demand for bandwidth, the need for enhanced global connectivity and redundancy, and the rapid development of data centre traffic. Xtera’s focus on innovation and its track record of project delivery to its clients, including the U.S. Department of Defense and blue-chip telecom operators, position it as a trusted provider of turnkey systems.
Congratulations to the deal team at H.I.G. Capital, John Harper, Michael Pothitos and Elisabeth Hakim, and to the Xtera management team, led by Keith Henderson and Jeff Kight.
The transaction was led by John Craven and Richard Banham of Smith Square Partners, and Sylvain Cotte and Christophe Tymen of Wagram. Smith Square Partners and Wagram are the UK and French members of the Advior International network of M&A advisers.
The sale of Xtera remains subject to regulatory approvals, and completion of the transaction is expected to occur in the first quarter of 2026.
Please follow the link for more information https://lnkd.in/ez3nS6Yh
