Calgary, AB, Miami, FL– Pinpoint Capital Advisors1 (“Pinpoint”) acted as exclusive financial advisor to Canadian Fiber Optics Corporation (“Canadian Fiber Optics” or the “Company”) on its $85mm private credit financing (the "Transaction"). The credit commitment from Power Sustainable, a sustainability-focused alternative asset manager and subsidiary of Power Corporation will allow Canadian Fiber Optics to accelerate the construction of its fiber-to-the-premise network in central and northern Alberta.
Headquartered in Calgary, Alberta, Canadian Fiber Optics is a leading regional internet service provider offering broadband internet connectivity over its 100% fiber-optic network. Canadian Fiber Optics provides internet and phone services to residential customers through its Northern Lights Fiber brand and directly to SMB and enterprise customers. The Company has extensive experience designing, building, and operating large-scale, state-of-the-art, ultra high-speed broadband fiber optic networks in both urban and rural regions. Canadian Fiber Optics was founded and continues to be led by Arjen Kaput and Jodi Bloomer-Kaput. Canadian Fiber Optics benefits from a talent-rich organization consisting of ~60 employees and an additional 100+ construction professionals employed by wholly-owned subsidiary, Canadian Fiber Construction Corporation which undertakes network construction for the Company.
Canadian Fiber Optics is backed by leading infrastructure investment firm, Tikehau StarInfra (formerly Star America Infrastructure Partners) and the Bloomer Family Office. The Company has also been the recipient of federal and municipal grants.
Pinpoint is a leading boutique advisory firm specialized in digital infrastructure including the tower, fiber and data center sectors. Pinpoint advises on transactions (including divestitures, mergers and acquisitions) and raises capital from lower-cost, longer-term institutional investors which helps its small and mid-market clients compete with even their largest competitors. Pinpoint has a reputation for developing winning transaction strategies for deals of virtually every size and type. Pinpoint’s extensive relationships span strategics, infrastructure and private equity funds, pension plans, insurance companies and family offices.