NBI investors set for returns of over 25% from sale of stake to Asterion

Asterion Industrial Partners last week agreed to buy 80 per cent of the company, which is tasked with delivering the multibillion-euro National Broadband Plan

David McCourt and Peter Hendrick of National Broadband Ireland: McCourt has said he believes Asterion are the “right long-term investors” for the company. Picture: Julien Behal

National Broadband Ireland’s exiting private equity investors are set to make returns of more than 25 per cent from the sale of their combined stake to a Spanish investor, the Business Post has learned.

Asterion Industrial Partners, a Spanish infrastructure investment firm, last week agreed to buy 80 per cent of NBI, the company set up to deliver the multibillion-euro National Broadband Plan.

The figures of the deal have not been disclosed, and it will ...