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

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 Acquires Ufinet International

May 14, 2018

Telecommunications

Cinven’s Sixth Fund has agreed to acquire Ufinet International, the international operations of Spanish fibre network operator Ufinet Group, for an undisclosed sum. The investment establishes Ufinet International as a platform for buy-and-build consolidation and further international expansion across Latin America, supporting continued network investment and growth.

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.

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.

Macquarie Asset Management Acquires 40% Stake in Open Fiber from Enel

August 5, 2021

Telecommunications

Macquarie Asset Management has finalised an agreement to acquire a 40% equity interest in Open Fiber from Enel for €2.12 billion, while CDP Equity will hold the remaining 60% following Enel’s full exit. Open Fiber operates Italy’s largest FTTH network (over 12 million households passed) and the investment will support the company’s continued rollout of ultrafast broadband across Italy; completion was expected in Q4 2021 subject to regulatory approvals.

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.