M&A Deal Summary

Open Fiber Acquires Metroweb

On December 20, 2016, Open Fiber acquired communications company Metroweb from Emisys Capital SGRpA and CDP Equity for 714M EUR

Acquisition Highlights
  • This is Open Fiber’s 1st transaction in the Communications sector.
  • This is Open Fiber’s largest (disclosed) transaction.
  • This is Open Fiber’s 1st transaction in Italy.

M&A Deal Summary

Date 2016-12-20
Target Metroweb
Sector Communications
Buyer(s) Open Fiber
Sellers(s) Emisys Capital SGRpA
CDP Equity
Deal Type Add-on Acquisition
Deal Value 714M EUR

Target

Metroweb

Milan, Italy
website
Metroweb S.p.A. is a fiber optic network operator. Metroweb owns and operates a widely distributed fibre optics network in the Milan metropolitan area as well as in other selected areas of Northern Italy.

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Buyer(S) 1

Buyer

Open Fiber

Milan, Italy

website


Category Company
SectorCommunications
DESCRIPTION

Open Fiber SpA is a provider of fiber optic infrastructure network for telecommunications operators and residents that aims to develop a fiber optics network throughout the Country. The Company’s development plan provides the “fiber-to-the-home” coverage of 270 Italian cities and towns.


DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Italy) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 2

SELLER

Emisys Capital SGRpA

Milan, Italy

website


Category Mezzanine Finance Firm
Founded 2013
PE ASSETS 130M EUR
SizeSmall
Type Sector Agnostic
DESCRIPTION

AF Mezzanine is a provider of junior capital to support leveraged buyouts, growth capital financings, as well as recapitalizations. AF generally focuses on mid-sized companies with sales of €50 to €500 million. AF does have any sector preferences, however the Firm prefers stable businesses with predictable cash-flows. The Firm's target investment size is €4 to €20 million. AF will not invest in start-ups or turnaround situations. AF Mezzanine is controlled by financial group Fineurop and is based in Milan.


DEAL STATS #
Overall 11 of 13
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 5 of 6
Country (Italy) 6 of 8
Year (2016) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-20 Club del Sole S.r.L

Forlì, Italy

Club del Sole S.r.L managing holiday villages in bungalow, mobilhome or housing tent.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-19 Polynt

Scanzorosciate, Italy

Polynt engages in the research and development, manufacture, and sale of specific polymer chemical intermediates, catalysts, and compounds. Polynt was founded in 1955 and is based in Scanzorosciate, Italy.

Sell -
SELLER

CDP Equity

Milan, Italy

website


Category Private Equity Firm
Founded 2011
PE ASSETS 3.4B EUR
SizeLarge
Type Sector Agnostic
DESCRIPTION

CDP Equity is an Italian holding company and investment firm focused on acquiring stakes in large Italian companies. Sectors of interest include defense, food, insurance, communications, energy, infrastructure, public services, security, transportation, and leisure. CDP Equity is based in Milan.


DEAL STATS #
Overall 2 of 2
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (Italy) 2 of 2
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-09 Rocco Forte Hotels

London, United Kingdom

Rocco Forte Hotels is an international group of 10 high-end hotels and a luxury resort. The hotels are all located in some of the most visited cities in Italy, the UK, Germany, Belgium, and Russia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-21 Open Fiber

Milan, Italy

Open Fiber SpA is a provider of fiber optic infrastructure network for telecommunications operators and residents that aims to develop a fiber optics network throughout the Country. The Company’s development plan provides the “fiber-to-the-home” coverage of 270 Italian cities and towns.

Buy -