US-based private equity firm Carlyle has agreed to acquire a majority stake in Dutch managed networks operator Expereo.
Carlyle did not disclose financial details in its statement but noted that the equity part of the deal will come from its new…
US-based private equity firm Carlyle has agreed to acquire a majority stake in Dutch managed networks operator Expereo.
Carlyle did not disclose financial details in its statement but noted that the equity part of the deal will come from its new pan-European CETP III fund, focused on growth-oriented investments in the TMT sector.
The deal is expected to close in August, subject to antitrust approval.
Expereo’s Dutch founders, Alphons Mulders and Walter Brunink, will retain a significant stake in the company and continue to hold senior management roles.
Founded in 2004, Expereo provides dedicated and broadband internet, ethernet, virtual private network and Wi-Fi services as well as equipment. The company has offices in the Netherlands, USA, Singapore, the UAE, Argentina, Russia, Mexico and Morocco and operates in 180 countries.
Carlyle managing director Vladimir Lasocki said Expereo has established itself as a “strong” global internet access aggregator in a relatively short timeframe, adding that the PE firm will support its future growth through further international expansion and product diversification.
Expereo CEO Raj Raithatha said the company believes Carlyle’s backing will enable it to make acquisitions, open new offices in growth markets, enhance its product portfolio and expand its network.
