M&A Deal Summary

Grain Management Acquires Conexao Group

On July 7, 2021, private equity firm Grain Management acquired communications company Conexao Group

Acquisition Highlights
  • This is Grain Management’s 7th transaction in the Communications sector.
  • This is Grain Management’s 1st transaction in Brazil.

M&A Deal Summary
Date 2021-07-07
Target Conexao Group
Sector Communications
Buyer(s) Grain Management
Deal Type Buyout (LBO, MBO, MBI)

Target

Conexao Group

Sao Paulo, Brazil
website
Conexao Group provides broadband services using primarily fiber-to-the-home technology to over 450,000 homes and 20,000 business customers throughout six states in Brazil in the Northeast (Rio Grande do Norte, Paraiba, Ceara, and Bahia) and Southeast (Sao Paulo and Minas Gerais). The company operates multiple brands including, CABO, Multiplay, Conexao, Outcenter, StarWeb among others. Conexao Group provides superior customer experience and decades worth of cutting edge technology in providing broadband connectivity, subscription TV, telephone services, and IT Corporate Services. Its owned infrastructure spans over 13,500 kilometers (approximately 8,400 fiber route miles) of fiber optic and high-tier HFC networks, reaching over 1.4 million customers.

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Buyer(S) 1

Buyer

Grain Management

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2007
PE ASSETS 2.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Grain Management LLC is a private equity firm focused on the communications sector. The Firm looks to acquire assets and companies valued from $20 to $150 million and will consider opportunities throughout North America. Specific areas of interest include fiber, spectrum, cell towers, and other communications assets. Grain Management LLC was established in 2007 and is headquartered in Washington, DC.

DEAL STATS #
Overall 8 of 14
Sector (Communications) 7 of 12
Type (Buyout (LBO, MBO, MBI)) 6 of 8
Country (Brazil) 1 of 1
Year (2021) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-02 NWS Wireless

Durham, North Carolina, United States

NWS Wireless is a logistics provider to carriers and telecommunications contractors. NWS Wireless provided a wide array of mission-critical services to the wireless telecommunications industry. The company has established itself as a critical partner to carriers, project managers, and general contractors through its expertise, quality of service, and ability to develop and deliver custom cabling solutions and equipment exactly when needed. NWS Wireless was founded in 2012 and is based in Durham, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-19 Y-COM

Melbourne, Florida, United States

Y-COM is a provider of infrastructure services to the telecommunications and utility industries in the Southeast. The company is a family-owned and operated business providing mission-critical solutions to leading telecommunications and utility providers. Y-COM specializes in underground and aerial construction, directional boring, fiber installation, and emergency maintenance and response. It has developed a reputation for the superior quality of service, timely performance, and business integrity resulting in a loyal base of customers that are leaders in their sectors. Y-COM was formed in 1972 and is based in

Buy -
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