Antin and Cinven (Fund VI) Acquire Ufinet Group from Cinven Fund V
May 14, 2018
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.
- Buyers
- Antin Infrastructure Partners, Cinven (Sixth Fund)
- Targets
- Ufinet Group
- Sellers
- Cinven Fund V
- Industry
- Telecommunications
- Location
- Madrid, Spain
- Transaction Type
- Divestiture
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