e& Acquires Controlling Stake in PPF Telecom and Completes Acquisition of GlassHouse

United Group Sells SBB Serbia to e&/PPF and NetTV Plus (Western Balkans rights) to Telekom Srbija

February 11, 2025

Telecommunications

United Group (majority owned by BC Partners) has agreed to sell SBB doo Belgrade to e& (Etisalat) and PPF Telecom (together “e&/PPF”), and to sell its NetTV Plus business and sports broadcasting rights for the Western Balkans to Telekom Srbija. The combined transactions carry an enterprise value of €1.5 billion (implied EV/2024 EBITDAal of ~10x) and are subject to customary regulatory approvals, expected to close in H1 2025.

EQT Infrastructure V Co-Invests in Deutsche Glasfaser

October 16, 2020

Telecommunications

EQT Infrastructure V has agreed to co-invest alongside EQT Infrastructure IV in Deutsche Glasfaser, acquiring a roughly 12% stake post-close. The investment will support Deutsche Glasfaser's large-scale fiber-to-the-home roll-out in rural Germany and is expected to close in Q4 2020.

Vocus Acquires TPG Telecom's Enterprise, Government and Wholesale Fixed Business for A$5.25bn

October 14, 2024

Telecommunications

Vocus, together with shareholders Macquarie Asset Management and Aware Super, agreed to acquire TPG Telecom's Enterprise, Government and Wholesale (EG&W) fixed business and associated fibre and submarine cable assets for A$5.25 billion. The deal creates a scaled digital infrastructure operator in Australia with expanded fibre and subsea assets and includes a long-term strategic partnership giving TPG ongoing access to Vocus' fibre network; completion is subject to regulatory approvals.

Pfingsten-backed NEC Acquires Eastern Communications, LLC

November 2, 2022

Telecommunications

Pfingsten’s portfolio company NEC acquired Eastern Communications, LLC, a Bloomfield, Connecticut-based provider of maintenance, repair and upgrade services for telecommunications infrastructure. The deal—NEC’s third add-on since Pfingsten became majority shareholder in October 2021—closed October 31, 2022; Eastern CEO Steve Slade will retain ownership and join NEC’s executive team as the combined platform expands geographic coverage and service capabilities.

EQT and OMERS Acquire Deutsche Glasfaser

February 10, 2020

Telecommunications

EQT Infrastructure IV and OMERS Infrastructure have agreed to acquire Deutsche Glasfaser from KKR Infrastructure and Reggeborgh and will combine it with EQT's portfolio company inexio. The combined group will accelerate FTTH roll-out across rural Germany with a planned investment of over EUR 7 billion to expand gigabit-capable fiber infrastructure.

PPF Group Acquires 15% Stake in InPost from Advent International

May 26, 2023

Logistics & Distribution

PPF Group agreed to purchase a 15% shareholding in InPost Group from Advent International for €10 per share, with an option to acquire an additional 15% at an agreed price. Advent will remain the largest shareholder after the sale and both parties have agreed to a six-month lock-up on remaining holdings to support InPost's continued European expansion.