M&A Deal Summary

CDP Equity Acquires Open Fiber

On December 21, 2016, private equity firm CDP Equity acquired communications company Open Fiber

Acquisition Highlights
  • This is CDP Equity’s 2nd transaction in the Communications sector.
  • This is CDP Equity’s 7th transaction in Italy.

M&A Deal Summary

Date 2016-12-21
Target Open Fiber
Sector Communications
Buyer(s) CDP Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Open Fiber

Milan, Italy
Open Fiber 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. Open Fiber is based in Milan, Italy.

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Buyer(S) 1

Buyer

CDP Equity

Milan, Italy

Category Private Equity Firm
Founded 2011
PE ASSETS 3.4B EUR
Size Large
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 8 of 18
Sector: Communications M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 4
Country: Italy M&A 7 of 16
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-20 Metroweb

Milan, Italy

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.

Sell €714M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-03 TH Resorts

Padua, Italy

TH Resorts engages in the hotel management industry, with a proven and successful business model. The group manages 19 properties, both resorts, and hotels (8 of which in Southern Italy), with c. 3,500 rooms and 9,500 beds. The properties, all 3 and 4 stars are located in the main sea, ski, and culture destinations. TH Resorts is based in Padua, Italy.

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