According to Keppel’s release, GMG has a strong track record of contract renewals thanks to its “trusted long-term relationships with top tier customers” including telcos, hyperscalers and global equipment suppliers.
Keppel’s infrastructure fund, previously known as Keppel Asia Infrastructure Fund II, has acquired a 100% stake in subsea cable solutions provider Global Marine Group (GMG) from investment affiliates of J.F. Lehman & Company. The investment, announced on March 10, was made with the fund’s unnamed co-investor and marks the first investment by the former.
GMG is a UK-headquartered subsea cable solutions provider. One of the world’s largest independent providers, the group operates a fleet of six vessels that offer mission-critical maintenance and installation services for the global subsea fibre optic cable network.
