- VFN Holdings, Inc. (Vero Networks) announced the closing of a $500 million non-control growth equity investment.
- The investment was led by funds managed by the investor, alongside Braemont Capital and Delta-v Capital.
- Proceeds are intended to support expansion of fiber-to-the-premise (FTTP) and wholesale fiber networks and to continue strategic M&A in new and existing U.S. markets.
- As part of the transaction, Brent Burnett and Peter Udbye, along with Wali Bacdayan, will join Vero’s board; Rand Lewis will continue to serve on the board.
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