Netceed, a global provider of supply chain solutions for broadband, data centre and energy infrastructure, said it has successfully completed a financial recapitalisation that materially strengthens and deleverages the group’s balance sheet. The transaction leaves Netceed with a more resilient capital structure to support its strategic ambitions, including accelerating international expansion and deepening partnerships across broadband, AI infrastructure and energy infrastructure.
The recapitalisation, which received unanimous approval from lenders, results in ownership transferring to a group of institutional investors including Pemberton, Blue Owl manager and Hayfin, while also significantly improving liquidity.
Netceed said it continues to make progress with customers globally, citing recent project wins with Wyre in EMEA and Surf Internet and Lyte Fiber in the United States. The company said it is now well positioned to deliver sustainable long-term growth.
Alongside the completion of the recapitalisation, Netceed announced the appointment of Rajeev Suri as chairman. Suri brings extensive experience leading and overseeing large global businesses through periods of growth, transformation and industry disruption across the telecommunications and technology sectors. He currently serves as chairman of Digicel Group and M-KOPA, and as a director of Stryker and Singtel. His previous roles include chief executive of Inmarsat from 2021 to 2023 and chief executive of Nokia from 2014 to 2020, following his tenure as CEO of Nokia Siemens Networks from 2009 to 2014.
During his time at Nokia Siemens Networks, Suri led a major turnaround, reshaping the business into a highly profitable operation and laying the groundwork for Nokia’s next phase of development. At Nokia, he oversaw the acquisition and integration of Alcatel-Lucent, expanding the group’s scale and portfolio, strengthening its patent licensing business and driving diversification into cloud, software and enterprise markets. As CEO of Inmarsat, he delivered record financial results, accelerated the rollout of new technologies and positioned the company at the forefront of industry consolidation ahead of its acquisition by Viasat.
Alper Turken, CEO of Netceed, said: “This is a significant milestone for Netceed. With the right capital structure in place, we have a strong foundation from which to deliver more for our customers and realize our vision of establishing Netceed as the leading infrastructure-centric supply chain management platform globally. I am also delighted with Rajeev’s appointment as Chairman. Netceed has great potential for long-term growth and Rajeev will work closely alongside management to drive sustainable value for our stakeholders.”
Rajeev Suri, Chairman of Netceed, said: “Netceed is an exceptional business, and I am excited to be joining at this important moment. I look forward to supporting the Company as it builds its global leadership in delivering supply chain solutions for broadband, AI infrastructure and energy infrastructure.”
About Netceed
Netceed is a global provider of infrastructure-focused supply chain solutions that support the critical networks underpinning modern society. Operating at global scale with strong local expertise, the company delivers end-to-end services across broadband, AI infrastructure and energy infrastructure. Its offering spans planning and sourcing through to pre-integrated deployments, including pre-terminated PoPs, integrated active cabinets and automated street cabinets. Netceed serves more than 19,000 customers worldwide, helping them reduce risk, accelerate network build-outs and operate at scale.
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