Comcast Business Acquires Nitel from Cinven

Cinven Invests in Nitel

November 18, 2021

Telecommunications

Cinven has agreed to make a significant majority investment in Nitel, a Chicago-based provider of managed internet connectivity, SD-WAN and managed cybersecurity services for multi-site SMEs. Financial terms were not disclosed; the deal is an acquisition from the founders and Cinven intends to support Nitel’s organic growth and buy-and-build strategy to expand into adjacent services.

Nitel Acquires WAN Dynamics

March 25, 2024

Telecommunications

Nitel has acquired Cleveland-based WAN Dynamics to strengthen its managed SD-WAN, network, and security capabilities. Operating under the Nitel brand, the transaction expands technical, management, and professional services resources as part of Nitel's growth strategy following Cinven's earlier investment.

Nitel Acquires Hypercore Networks

June 27, 2022

Telecommunications

Nitel, a Chicago-based Network as a Service (NaaS) provider, announced the acquisition of Garland, Texas-based Hypercore Networks. The deal — executed as part of Nitel's inorganic growth strategy following a Cinven investment — expands Nitel's U.S. footprint, accelerates international growth, and adds complementary capabilities including voice solutions and additional SD-WAN platforms.

NewNet to Acquire Nokia Siemens Networks' WiMAX Business

March 15, 2022

Telecommunications

NewNet Communication Technologies, a Skyview Capital portfolio company, announced plans to acquire the WiMAX business from Nokia Siemens Networks, including the full product portfolio, related employees and assets, and active customer and supplier contracts. Approximately 300 Nokia Siemens Networks employees (many in suburban Chicago, USA and Hangzhou, China) are expected to transfer; the deal was expected to close before December 31, 2011 and terms were not disclosed.

Cinven Acquires Majority Stake in Ufinet International

December 21, 2021

Telecommunications

International private equity firm Cinven's Seventh Fund will make a majority investment in Ufinet International for an enterprise value of approximately €2.5 billion. Enel, the incumbent minority co-shareholder, will re-invest a minority stake; the deal supports Ufinet's continued international expansion, network investment and buy-and-build growth across Latin America.

Cinven to acquire majority stake in Euro Techno Com Group from Carlyle

June 3, 2022

Telecommunications

Cinven has entered into exclusive negotiations to acquire a majority stake in Euro Techno Com Group (ETC Group), a France‑headquartered distributor of telecom and technology infrastructure products, from Carlyle. Founder and CEO Cédric Varasteh would retain a significant stake and Carlyle will reinvest as a minority shareholder; the Group has around 1,100 employees and generates more than €1 billion in annual revenues.