Cinven Acquires Ufinet International

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.

Antin and Cinven (Fund VI) Acquire Ufinet Group from Cinven Fund V

May 14, 2018

Telecommunications

Cinven's Fifth Fund has agreed to sell Ufinet Group, a Madrid-headquartered independent fibre network operator, to a consortium led by Antin Infrastructure Partners (acquiring Ufinet Spain) and Cinven's Sixth Fund (acquiring Ufinet International) for an undisclosed consideration. Ufinet operates ~66,800 km of fibre across two continents and employs roughly 1,020 people; Cinven said the transaction generates over €1.1 billion of capital gain and is expected to complete in July 2018.

Enel Takes 21% Stake in Ufinet International for €150M

June 25, 2018

Telecommunications

Enel has agreed to invest €150 million to acquire a 21% stake in Ufinet International, an independent fibre network operator headquartered in Madrid. Cinven will retain a 79% majority holding; the strategic partnership gives Ufinet additional capital and access to Enel's Latin American assets to accelerate FTTH, wholesale fibre deployment and M&A-driven expansion.

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.

Cinven to Acquire INSEEC U.

March 5, 2019

Education

Cinven has agreed to acquire INSEEC U., a leading European private higher education group that operates 16 schools and online programmes and serves roughly 25,000 students annually. Financial terms were not disclosed; Cinven plans to support INSEEC U.'s continued organic growth and international expansion, including development of online education and consolidation of the fragmented private higher education market.

Cinven Acquires Majority Stake in idealista

June 28, 2024

Real Estate

Cinven has agreed to acquire a 70% majority stake in idealista, the leading online real estate classifieds platform in southern Europe, in a transaction valuing the business at €2.9 billion. Funds advised by Oakley and Apax are selling their holdings, EQT will retain an 18% stake, and founder Jesús Encinar will remain invested and continue to lead the company; CVC Credit provided debt facilities to support the acquisition.