M&A Deal Summary

Millicom International Cellular Acquires Cable Onda S.A.

On October 7, 2018, Millicom International Cellular acquired communications company Cable Onda S.A. from Amzak Capital Management for 1.5B USD

Acquisition Highlights
  • This is Millicom International Cellular’s 3rd transaction in the Communications sector.
  • This is Millicom International Cellular’s 2nd largest (disclosed) transaction.
  • This is Millicom International Cellular’s 1st transaction in Panama.

M&A Deal Summary

Date 2018-10-07
Target Cable Onda S.A.
Sector Communications
Buyer(s) Millicom International Cellular
Sellers(s) Amzak Capital Management
Deal Type Add-on Acquisition
Deal Value 1.5B USD

Target

Cable Onda S.A.

Panama City, Panama
website
Cable Onda S.A. is the largest provider of Pay TV and fixed telecommunications services in Panama. As of December 31st, 2017, Cable Onda had approximately 2,300 employees and served 433,000 residential and 34,000 business and government customers.

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Buyer(S) 1

Buyer

Millicom International Cellular

Luxembourg, Luxembourg

website


Category Company
Founded 1990
Sector Communications
Employees20,000
Revenue 4.6B USD (2021)
DESCRIPTION

Millicom International Cellular is a telecom company. Millicom International Cellular was incorporated in 1990 and is based in Luxembourg City, Luxembourg.


DEAL STATS #
Overall 5 of 6
Sector (Communications) 3 of 4
Type (Add-on Acquisition) 3 of 3
Country (Panama) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-19 Millicom International Cellular SA - Rwanda Business

Rwanda

Millicom International Cellular SA - Rwanda Business is a provider of an advanced fixed and mobile data services in Latin America.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-20 Telefónica SA - Telefonica CAM

Madrid, Spain

Telefónica SA - Telefonica CAM is the second largest mobile provider in Costa Rica, with about 8.7 million total customers. Telefonica CAM consists of Telefónica Móviles Panamá, S.A., Telefónica de Costa Rica TC, S.A. (and its wholly owned subsidiary, Telefónica Gestión de Infraestructura y Sistemas de Costa Rica, S.A.) and Telefonía Celular de Nicaragua, S.A.

Buy $1.7B

Seller(S) 1

DESCRIPTION

Amzak is a diversified investment group focused on middle-market direct company investing, fixed income, real estate acquisitions, and venture healthcare investing. Amzak will consider opportunities throughout the US, Central/South America, and the Caribbean. Within its middle-market direct investing practice, Amzak looks to invest $5 to $50 million in growth-oriented companies in partnership with management. Amzak Capital Management is based in Boca Raton, Florida.


DEAL STATS #
Overall 8 of 11
Sector (Communications) 4 of 4
Type (Add-on Acquisition) 6 of 7
Country (Panama) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-24 Marbles

Chicago, Illinois, United States

Marbles - The Brain Store is the U.S. omni-channel specialty retailer of handpicked and expert-tested products specifically designed to strengthen and stimulate the brain. Marbles has followed one mission: “Build Better Brains.” Marbles fulfills its mission through a multi-channel platform of stores, catalogs and ecommerce. Merchandise includes best-in-class games, puzzles, books and software. Products fall under five brain-building categories: word skills, coordination, visual perception, critical thinking, and memory.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-12 CorePower Yoga

Denver, Colorado, United States

CorePower Yoga is a provider of challenging yoga practice that allows its students to see benefits in all areas of their lives. CorePower Yoga’s unique style of heated power yoga is physically challenging and combines energy, music, movement and community to create a differentiated yoga experience. CorePower Yoga was founded in 2002 and is based in Denver, Colorado.

Sell -