Macquarie, Aberdeen Standard and Daiwa-backed Onivia Acquires MasMovil Rural FTTH Network

Macquarie Asset Management Acquires 40% Stake in Open Fiber from Enel

August 5, 2021

Telecommunications

Macquarie Asset Management has finalised an agreement to acquire a 40% equity interest in Open Fiber from Enel for €2.12 billion, while CDP Equity will hold the remaining 60% following Enel’s full exit. Open Fiber operates Italy’s largest FTTH network (over 12 million households passed) and the investment will support the company’s continued rollout of ultrafast broadband across Italy; completion was expected in Q4 2021 subject to regulatory approvals.

Cinven, KKR and Providence Complete Acquisition of MASMOVIL

November 17, 2020

Telecommunications

A consortium led by funds managed or advised by Cinven, KKR and Providence Equity (through Lorca Telecom Bidco SAU) has completed the acquisition of MASMOVIL IBERCOM, S.A., acquiring approximately 99.3% of the group's outstanding shares at a valuation of about €5.3 billion. The consortium said the deal will enable MASMOVIL to accelerate its investment strategy and pursue growth and projects to strengthen its position in the Spanish telecommunications market.

ORANGE and MASMOVIL to combine Spanish operations in 50-50 joint venture

July 23, 2022

Telecommunications

ORANGE and MASMOVIL have signed a binding agreement to combine their Spanish businesses into a 50-50 joint venture (LORCA JVCO) based on an enterprise value of €18.6 billion (€7.8bn for ORANGE Spain and €10.9bn for MASMOVIL). The deal, backed by a €6.6bn non‑recourse debt package and expected to generate >€450m of annual synergies by year four, is subject to antitrust and regulatory approvals and is targeted to close by H2 2023, with a path to an IPO under certain conditions.

NOVA Infrastructure Acquires Majority Stake in telMAX

January 5, 2021

Telecommunications

NOVA Infrastructure, alongside Quintana Infrastructure & Development (QID), completed an investment in telMAX Inc., with NOVA acquiring a majority interest. The capital will be used to accelerate telMAX's buildout of a 100% fiber-to-the-home (FTTH) network in targeted suburban markets across the Greater Toronto Area, with first FTTH customers expected in Q2 2021.

Oak Hill Capital Backs Omni Fiber with $250M to Expand Midwest Fiber Broadband

July 22, 2022

Telecommunications

Oak Hill Capital committed $250 million from its Oak Hill Capital Partners VI fund as the majority investor in newly formed Omni Fiber to accelerate construction of 100% fiber-to-the-premises networks serving small and mid-sized markets in the U.S. Midwest. Omni Fiber, an Ohio-based FTTP internet service provider led by CEO Darrick Zucco, will offer up to 2 Gbps symmetrical service with no data caps and initial projects in Ohio, Pennsylvania and Michigan targeting underserved communities.

Macquarie Capital Acquires ONYX Insight

March 11, 2024

Energy

Macquarie Capital has acquired ONYX Insight, a UK-based provider of wind turbine performance analytics and condition-based monitoring. ONYX will continue to operate independently while Macquarie Capital's Growth & Technology team supports its global expansion and product development to scale monitoring and predictive-maintenance solutions across the wind industry.