OXIO Inc. and Newfoundland Capital Management Consortium Agrees to Acquire Movistar Mexico

Cox Agrees to Acquire Iberdrola Mexico Business for €3.6 Billion (~$4.2 Billion)

March 20, 2026

Energy

Cox has agreed to acquire Iberdrola’s Mexico business in a €3.6 billion (about $4.2 billion) transaction backed by Goldman Sachs and a seven-bank syndicate. The deal will add more than 2.6GW of installed capacity across 15 generation plants (wind, solar PV, and cogeneration/combined-cycle) and includes the integration of roughly 700 employees to support ongoing operations and expansion in Mexico.

TowerBrook Acquires Majority Stake in TXO

April 24, 2023

Industrial Services

TowerBrook Capital Partners has acquired a majority stake in TXO as one of the first investments for its dedicated impact strategy. TXO is a B2B provider of telecom network hardware and asset management, offering sourcing, maintenance, reuse, recycling and disposal services; TowerBrook said it will support TXO's international expansion, strategic acquisitions and continued ESG-focused growth.

ORANGE and MASMOVIL to combine Spanish operations in 50-50 joint venture

July 23, 2022

Telecommunications

ORANGE and MASMOVIL have signed a binding agreement to combine their Spanish businesses into a 50-50 joint venture (LORCA JVCO) based on an enterprise value of €18.6 billion (€7.8bn for ORANGE Spain and €10.9bn for MASMOVIL). The deal, backed by a €6.6bn non‑recourse debt package and expected to generate >€450m of annual synergies by year four, is subject to antitrust and regulatory approvals and is targeted to close by H2 2023, with a path to an IPO under certain conditions.

I Squared Capital Acquires KIO Networks

December 2, 2021

Infrastructure

I Squared Capital has completed the acquisition of KIO Networks, Mexico’s largest data center operator and a leading digital infrastructure service provider with operations across Mexico, Central America, the Caribbean and Spain. The deal expands I Squared Capital’s digital infrastructure platform in Latin America by adding KIO’s data center footprint, managed cloud, cybersecurity and managed services capabilities.

Macquarie, Aberdeen Standard and Daiwa-backed Onivia Acquires MasMovil Rural FTTH Network

May 4, 2021

Telecommunications

Macquarie Capital, Aberdeen Standard Investments and Daiwa Energy & Infrastructure (investors behind Onivia) have acquired a majority stake in a large rural FTTH network from MasMovil, doubling Onivia's coverage to more than 2.1 million homes. MasMovil retains a minority stake and remains the network's technological partner while Orange is an anchor customer; the transaction gives Onivia national reach across urban and rural Spain.

Cinven, KKR and Providence Complete Acquisition of MASMOVIL

November 17, 2020

Telecommunications

A consortium led by funds managed or advised by Cinven, KKR and Providence Equity (through Lorca Telecom Bidco SAU) has completed the acquisition of MASMOVIL IBERCOM, S.A., acquiring approximately 99.3% of the group's outstanding shares at a valuation of about €5.3 billion. The consortium said the deal will enable MASMOVIL to accelerate its investment strategy and pursue growth and projects to strengthen its position in the Spanish telecommunications market.