M&A Deal Summary

Comcast Acquires Nitel

On December 11, 2024, Comcast acquired information technology company Nitel from Cinven

Acquisition Highlights
  • This is Comcast’s 5th transaction in the Information Technology sector.
  • This is Comcast’s 24th transaction in the United States.
  • This is Comcast’s 2nd transaction in Illinois.

M&A Deal Summary
Date 2024-12-11
Target Nitel
Sector Information Technology
Buyer(s) Comcast
Sellers(s) Cinven
Deal Type Add-on Acquisition

Target

Nitel

Chicago, Illinois, United States
Nitel is a provider of internet connectivity and networking technology services to multi-site small and medium-sized enterprises (‘SMEs’). The Company has a portfolio of communications solutions and a modern platform which delivers reliable, high-performance services to its customers. Nitel was founded in 2003 and is based in Chicago, Illinois.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Comcast

Philadelphia, Pennsylvania, United States
Category Company
Founded 1963
Sector Media
Employees186,000
Revenue 121.6B USD (2023)
DESCRIPTION
Comcast Center in downtown Philadelphia, Pennsylvania.
Comcast Center in downtown Philadelphia, Pennsylvania.

Comcast is a media and communications company that provides entertainment, information, and communications products and services in the United States and internationally. Comcast was incorporated in 1963 and is based in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 26 of 26
Sector (Information Technology) 5 of 5
Type (Add-on Acquisition) 21 of 21
State (Illinois) 2 of 2
Country (United States) 24 of 24
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-20 Comcast s NBC Sports Washington

Philadelphia, Pennsylvania, United States

Comcast's NBC Sports Washington is the exclusive local TV rightsholder for Washington Wizards and Washington Capitals games. The network is available throughout the District of Columbia, Maryland and Virginia, as well as parts of Pennsylvania, Delaware and West Virginia.

Sell -

Seller(S) 1

SELLER

Cinven

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1977
PE ASSETS 39.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Cinven is a private equity firm focused on buyout investments in growing, profitable businesses located throughout Europe and North America. Sectors of interest include business and financial services, healthcare, industrial, retail, leisure, consumer, technology, media, and telecommunications. Cinven looks to invest a minimum of €200 million in companies with minimum enterprise values of €400 million. Cinven does not invest in start-ups or development phase companies. Cinven was established in 1977 and is headquartered in London.

DEAL STATS #
Overall 127 of 127
Sector (Information Technology) 3 of 3
Type (Add-on Acquisition) 31 of 31
State (Illinois) 1 of 1
Country (United States) 12 of 12
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-14 Acadomia

Paris, France

Acadomia is a provider of supplementary education in France. The Company provides educational services for over 50,000 students through more than 20,000 teaching professionals annually. Acadomia provides both home-based tutoring services as well as classroom based education. Acadomia was founded in 1989 and is based in Paris, France.

Buy -
Mergr

Product

Company

Legal