M&A Deal Summary

Telefonica SA Acquires Tuenti Technologies SLU

On October 13, 2010, Telefonica SA acquired internet software and services company Tuenti Technologies SLU from Qualitas Equity for 35M USD

Acquisition Highlights
  • This is Telefonica SA’s 1st transaction in the Internet Software and Services sector.
  • This is Telefonica SA’s 3rd largest (disclosed) transaction.
  • This is Telefonica SA’s 2nd transaction in Spain.

M&A Deal Summary

Date 2010-10-13
Target Tuenti Technologies SLU
Sector Internet Software and Services
Buyer(s) Telefonica SA
Sellers(s) Qualitas Equity
Deal Type Add-on Acquisition
Deal Value 35M USD
Advisor(s) Arcano Asesores Financieros, S.L. (Financial)

Target

Tuenti Technologies SLU

Madrid, Spain
website
Tuenti Technologies SLU is an online social network in Spain with more than 7 million users. Tuenti allows its users to communicate over the Internet the same way they do in the real world.

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Buyer(S) 1

Buyer

Telefonica SA

Madrid, Spain

website


Category Company
Founded 1924
SectorCommunications
Employees111,490
Revenue 43.1B EUR (2020)
DESCRIPTION

Telefonica is a telecommunications group that provides fixed and mobile telephony services through networks in Spain, Europe, and Latin America. Telefonica was founded in 1924 and is based in Madrid, Spain.


DEAL STATS #
Overall 2 of 9
Sector (Internet Software and Services) 1 of 4
Type (Add-on Acquisition) 2 of 6
Country (Spain) 2 of 4
Year (2010) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-04 Manx Telecom Trading Ltd.

Braddan, United Kingdom

Manx Telecom Trading Ltd. is a telecommunications and internet provider offering a full range of fixed-line, mobile and data services to consumers and businesses. Manx Telecom was formed in 1987 and is based in Braddan, United Kingdom.

Sell £159M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-08 Acens Technologies, S.L.U.

Alcobendas, Spain

Acens Technologies, S.L.U. is a web hosting provider for Spanish SMEs offering hosting and housing through its 5.000m2 datacenter facilities in Madrid and Barcelona and with a recurrent base of 50.000 clients of which a large number have long term contracts.

Buy -

Seller(S) 1

SELLER

Qualitas Equity

Investor Investor Investor Investor Investor

website


Category Asset Manager
Founded 2003
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Qualitas Equity is a private equity firm that seeks investments in middle-market Spanish and Portuguese companies. Qualitas seeks control investments in marketing, food, manufacturing, and service based businesses. Qualitas looks to invest in buyout and growth capital transactions requiring €4 to €15 million of equity capital. The Firm's investment horizon is three to seven years. Qualitas Equity was formed in 2003 and is based in Madrid.


DEAL STATS #
Overall 2 of 5
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 2
Country (Spain) 2 of 5
Year (2010) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-21 Bellsolà S.A.U.

Aiguaviva, Spain

Bellsolà specialized in the production and distribution of bread, bakery, and pastry products. Bellsolà's reputation stems from the quality of its products, based on long fermentation processes and the quality of the raw materials. With a national presence and two production centers (in Girona and Madrid), Bellsolà uses the latest technologies to elaborate bread and other bakery products. Bellsolà was founded in 1890 and is based in Aiguaviva, Spain.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-02 Befesa Medio Ambiente S.A.

Seville, Spain

Befesa Medio Ambiente S.A. is a provider of an innovative sustainable solutions for the management and recycling of industrial residues.

Sell USD34M