M&A Deal Summary

EQT and Proximus Acquire Fiberklaar

On March 1, 2021, private equity firm EQT and Proximus acquired communications company Fiberklaar

Acquisition Highlights
  • This is EQT’s 15th and Proximus’ 2nd transaction in the Communications sector.
  • This is EQT’s 3rd and Proximus’ 4th transaction in Belgium.

M&A Deal Summary

Date 2021-03-01
Target Fiberklaar
Sector Communications
Buyer(s) EQT
Proximus
Deal Type Joint Venture

Target

Fiberklaar

Ghent, Belgium
Fiberklaar is a telecom operator building a fiber-to-the-home network for 1.5m households and small businesses. Fiberklaar was founded in 2021 and is based in Ghent, Belgium.

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Buyer(S) 2

Buyer

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 247 of 320
Sector: Communications M&A 15 of 16
Type: Joint Venture M&A Deals 3 of 3
Country: Belgium M&A 3 of 5
Year: 2021 M&A 6 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 Dorner Mfg.

Hartland, Wisconsin, United States

Dorner Mfg. Corp. is a US-based major global provider of purpose-built, high-quality precision conveyor systems utilized in process automation operations to enhance productivity, quality, and profitability throughout the production process. Dorner Mfg. Corp was formed in 1996 and is based in Hartland, Wisconsin.

Sell $485M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-10 FocusVision

New York, New York, United States

FocusVision offers a comprehensive suite of experience insights software solutions including advanced surveys, online interviews, and focus groups, and online qualitative research community solutions to get brands close enough to their customers to have a full understanding of Customer Truth how they think, feel, and act. FocusVision was founded in 1990 and is based in New York City.

Sell -
Buyer

Proximus

Brussels, Belgium

Category Company
Founded 1930
Sector Communications
Employees10,135
Revenue 6.4B EUR (2024)
DESCRIPTION

Proximus is a telecommunications company. The quality of our interconnected fixed and mobile networks makes us the provider of telephony, Internet and television services. It also allows us to offer anywhere and anytime access to digital data and the best multimedia content. Proximus was incorporated in 1930 and is based in Brussels, Belgium.


DEAL STATS #
Overall 4 of 7
Sector: Communications M&A 2 of 4
Type: Joint Venture M&A Deals 1 of 1
Country: Belgium M&A 4 of 6
Year: 2021 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-09 BICS SA

Brussels, Belgium

BICS SA (Belgacom International Carrier Services) is a provider of international wholesale connectivity and interoperability services. Belgacom International Carrier Services was established in 2005 and is headquartered in Brussels, Belgium.

Buy €217M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-07 Mobile Vikings

Hasselt, Belgium

Mobile Vikings is a prepaid mobile provider. Mobile Vikings was founded in 2007 and is based in Hasselt, Belgium.

Buy -