Freshfields Bruckhaus Deringer and Addleshaw Goddard are advising as the European arm of Australia’s Macquarie Group buys British telecoms company KCOM in a £627 million cash-only deal.

The purchaser, Macquarie European Infrastructure Fund 6 Fibre’s (MEIF), is a sub-unit of Sydney-headquartered Macquarie, which is among the world’s largest infrastructure asset managers