Cinven Invests in Nitel
November 18, 2021
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.
- Buyers
- Cinven
- Targets
- Nitel
- Sellers
- Rick Stern, Ron Grason
- Industry
- Telecommunications
- Location
- Illinois, United States
- Transaction Type
- Buyout
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