AQX: Acquisition of SPTel

Acquisition

AQX: Acquisition of SPTel

Acquisition

Client

Seraya AQX Pte Ltd
(“AQX”)

Target

SPTel Pte Ltd
(“SPTel”)

Transaction summary

Deal value

SGD290m (~USD227m)

Transaction highlights

  • SPTel runs a physically independent fibre network across Singapore that supports enterprises, government users, telecom operators and over 50 data centres

  • Strong alignment with AQX strategy of investing in scarce digital infrastructure assets with long-term value creation potential
  • Marks the first closed deal for AQX

Completion

Nov-25

Client description

  • AQX is a Tokyo-based investment platform specialising in investing and growing digital infrastructure companies in developed APAC markets

  • AQX is backed by Seraya Partners, a Singapore-based leading mid-market investment management firm investing in APAC’s next generation infrastructure

Redpeak role

Sole financial advisor to AQX on the transaction

Led and coordinated all aspects of the transaction including due diligence, valuation and documentation

Successfully positioned AQX as the preferred bidder throughout a highly competitive sale process

Redpeak’s digital infrastructure expertise ensured a swift and smooth process despite a tight time frame for diligence and documentation