13/11/2010
CVC ACQUIRES ANOTHER R´s 35% FOR JUST OVER €157M.
The private equity firm CVC Capital Partners has taken the purchase option over 35% of the fibre-optic operator's capital, R, finishing the operation launched in April that took another 35%. The package purchased belonged to Caixanova, which holds 30% of the Galician company. The transaction´s amount might have exceeded €157 million.
The sale involves an injection of liquidity and strengthening the financial structure of R and will serve to enhance the expansion and growth of the company.
Since its founding in 1981, funds managed by CVC have invested in 250 companies amounting €97,000 million. In Spain, the firm is present, in addition to R Cable, in Abertis (with 25.8%) in Cortefiel, together with PAI Partners and Permira, in Grupo Colomer, in Mivisa and Grupo Zena.