Investment Summary

ACON Investments Invests In Netuno

On October 1, 1997, private equity firm ACON Investments invested in communications company Netuno

Investment Highlights
  • This is ACON Investments’ 1st transaction in the Communications sector.
  • This is ACON Investments’ 1st transaction in Venezuela.

Investment Summary

Date 1997-10-01
Target Netuno
Sector Communications
Investor(s) ACON Investments
Deal Type Growth Capital

Target

Netuno

Caracas, Venezuela
Netuno is the leading non-incumbent provider of voice, data and video services to residential and corporate customers in Caracas and the third largest cable TV operator in Venezuela. NetUno owns the largest local fiber optic network in Venezuela and is one of only 3 licensed local telephony providers in the country.

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Investor(S) 1

Investor

ACON Investments

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

ACON Investments is an international private equity firm that targets investments in the US, Europe, and Latin America. ACON's investment strategy covers 'opportunities at times of change - responding at points of inflection where value creation is possible'. Examples include businesses that serve the rapidly growing US Hispanic population, energy and energy service needs, businesses in need of operational help, and opportunities in Latin America resulting from economic deregulation and political liberalization. ACON's looks for companies where it can commit $20 to $150 million of equity capital. Target sectors include consumer products and services, distribution, business services and industrial manufacturing. ACON Investments was formed in 1996 and has offices in Washington DC; Houston, Texas; Los Angeles, California; and Madrid, Spain.


DEAL STATS #
Overall 3 of 74
Sector: Communications M&A 1 of 1
Type: Growth Capital M&A Deals 3 of 23
Country: Venezuela M&A 1 of 2
Year: 1997 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-01-01 Telemundo Communications Group

Hialeah, Florida, United States

Telemundo Communications Group, Inc. is an American television network that broadcasts in Spanish. The network is the second-largest Spanish-language content producer in the world.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-02-01 Tropigas

Caracas, Venezuela

Tropigas is the second largest distributor of liquefied petroleum gas (LPG) in Venezuela. The company was created through ACON's merger of the 2nd and 3rd largest LPG firms in Venezuela (Tropiven and Digas), consummated in conjunction with ACON’s purchase of both companies.

Buy -