Cinven Acquires Majority Stake in Amara NZero from ProA Capital

ProA Capital Acquires Majority Stake in Grupo Amara

May 14, 2021

Energy

Spanish private equity firm ProA Capital has acquired a majority stake in Grupo Amara (Amara), a 60-year-old distributor of electrical material and supplier to the renewable energy and telecom sectors. Management, led by Pablo Arnús and Gonzalo Errejón, remain in place and retain a significant share; ProA's investment is intended to provide financial backing for growth and international expansion (notably the United States).

Amara NZero Acquires SUNRGY SOLAR DISTRIBUTION

November 17, 2023

Renewable Energy

Amara NZero, a Madrid-based renewable energy company, has acquired SUNRGY SOLAR DISTRIBUTION, a U.S.-based solar products distributor. The acquisition is intended to strengthen Amara NZero's presence in the United States and expand SUNRGY's product offering and market reach across residential, commercial and utility-scale clients.

Cinven Acquires Majority Stake in idealista

June 28, 2024

Real Estate

Cinven has agreed to acquire a 70% majority stake in idealista, the leading online real estate classifieds platform in southern Europe, in a transaction valuing the business at €2.9 billion. Funds advised by Oakley and Apax are selling their holdings, EQT will retain an 18% stake, and founder Jesús Encinar will remain invested and continue to lead the company; CVC Credit provided debt facilities to support the acquisition.

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 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.

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.