Ancala Partners sells fibre network platform Fore Freedom to HRL Morrison & Co

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Ancala Partners (Ancala), on behalf of its managed funds, has sold its majority interest in Fore Freedom for an undisclosed sum to funds managed by HRL Morrison & Co. 

Ancala acquired a majority interest in Fore Freedom and its related entities in September 2018 and through a buy-and-build strategy has helped transform the business into a leading fiber network developer, owner, and operator in over 80 business parks across the Netherlands. Fore Freedom provides essential broadband connectivity to businesses via high-speed, reliable, open-access fiber networks in commercial and industrial areas. The company also has its own network operator and internet service provider through its subsidiary, XXLNet.
Since the acquisition in September 2018, Ancala has worked closely with Fore Freedom’s experienced management team to create a standalone business focussed on the development and growth in the business fibre market in the Netherlands. This included implementing a new organizational and reporting structure, strengthening the sales and marketing team, executing a redefined sales strategy and product offering, as well as providing capital to fund accretive fiber deployments.

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