M&A Deal Summary

KKR and Telefonica Acquire ON*NET Fibra Colombia

On July 19, 2021, private equity firm KKR and Telefonica acquired communications company ON*NET Fibra Colombia from Telefonica

Acquisition Highlights
  • This is KKR’s 16th and Telefonica’s 5th transaction in the Communications sector.
  • This is KKR’s 1st and Telefonica’s 2nd transaction in Colombia.

M&A Deal Summary
Date 2021-07-19
Target ON*NET Fibra Colombia
Sector Communications
Buyer(s) KKR
Telefonica
Sellers(s) Telefonica
Deal Type Divestiture

Target

ON*NET Fibra Colombia

Bogotá, Colombia
ON*NET Fibra Colombia is mainly focused on the businesses of mobile communications and connectivity, broadband services, fiber optics to the home, paid television, fixed-line communications, and a complete range of digital solutions for small, medium, and large companies and corporations. ON*NET Fibra Colombia is based in Bogotá, Colombia.

Search 201,292 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) 2

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.

DEAL STATS #
Overall 401 of 483
Sector (Communications) 16 of 20
Type (Divestiture) 45 of 53
Country (Colombia) 1 of 1
Year (2021) 33 of 52
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-08 Neighborly

Waco, Texas, United States

Neighborly is a home services franchisor of 25 service brands (including Neighborly umbrella service brand) and more than 4,000 franchise owners serving 10 million+ customers in nine countries, focused on repairing, maintaining and enhancing homes and businesses. Neighborly was founded in 1981 and is based in Waco, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-21 Teaching Strategies

Bethesda, Maryland, United States

Teaching Strategies is a provider of childhood educational resources, including curriculum and web-based assessment products. Teaching Strategies offers the industry’s widest selection of research-based, developmentally appropriate instruction and assessment products to the growing early childhood market. Teaching Strategies was established in 1988 and is based in Bethesda, Maryland.

Buy -
Buyer

Telefonica

Madrid, Spain
Category Company
Founded 1924
Sector Communications
Employees104,142
Revenue 40.7B EUR (2023)
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 10 of 13
Sector (Communications) 5 of 6
Type (Divestiture) 2 of 3
Country (Colombia) 2 of 2
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 Altostratus

Barcelona, Spain

Altostratus provides multi-cloud services and Google Cloud Premier Partner for Southern Europe. Altostratus is based in Barcelona, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-29 Cancom UK&I

Wisborough Green, United Kingdom

Cancom UK&I delivers a range of technology services across the public and private sectors, holding the highest accreditations from technology and software leaders, leveraging UK&IE data centres that hold many certifications, including Government Official Status. Cancom UK&I was formed in 1990 and is based in Wisborough Green, United Kingdom.

Buy €398M

Seller(S) 1

SELLER

Telefonica

Madrid, Spain
Category Company
Founded 1924
Sector Communications
Employees104,142
Revenue 40.7B EUR (2023)
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 14 of 14
Sector (Communications) 9 of 9
Type (Divestiture) 13 of 13
Country (Colombia) 1 of 1
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 Altostratus

Barcelona, Spain

Altostratus provides multi-cloud services and Google Cloud Premier Partner for Southern Europe. Altostratus is based in Barcelona, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-29 Cancom UK&I

Wisborough Green, United Kingdom

Cancom UK&I delivers a range of technology services across the public and private sectors, holding the highest accreditations from technology and software leaders, leveraging UK&IE data centres that hold many certifications, including Government Official Status. Cancom UK&I was formed in 1990 and is based in Wisborough Green, United Kingdom.

Buy €398M
Mergr

Product

Company

Legal