M&A Deal Summary

KKR Acquires ON*NET Fibra Chile

On February 22, 2021, private equity firm KKR acquired communications company ON*NET Fibra Chile from Telefonica

Acquisition Highlights
  • This is KKR’s 14th transaction in the Communications sector.
  • This is KKR’s 1st transaction in Chile.

M&A Deal Summary

Date 2021-02-22
Target ON*NET Fibra Chile
Sector Communications
Buyer(s) KKR
Sellers(s) Telefonica
Deal Type Divestiture

Target

ON*NET Fibra Chile

Santiago, Chile
ON*NET Fibra Chile is a fiber-optic network that makes network open access through a newly established independent Chilean company with assets managed locally. ON*NET Fibra Chile is based in Santiago, Chile.

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Buyer(S) 1

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 372 of 499
Sector: Communications M&A 14 of 21
Type: Divestiture M&A Deals 41 of 54
Country: Chile M&A 1 of 1
Year: 2021 M&A 4 of 52
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-17 Hivory

Courbevoie, France

Hivory is a high-quality telecoms infrastructure provider with a nationwide presence, benefiting from more than 10,000 strategically located sites with a diversified portfolio of ground-based towers and rooftops. The company is focused on serving the growing infrastructure needs for mobile operators to provide connectivity to all parts of the French population, meeting continued strong demand for data consumption and increased coverage. Hivory was founded in 2018 and is based in Courbevoie, France.

Sell €5.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-24 Hyundai Marine Solution

Seongnam-si, South Korea

Hyundai Marine Solution provides comprehensive marine services comprised of two main business areas: marine aftersales and retrofit solutions. Hyundai Marine Solution also engages in digital transformation (IT solutions for HHI-built vessels), bunkering (fueling for vessels), and aftersales for power plants. Hyundai Marine Solution was founded in 2016 and is based in Seongnam-si, South Korea.

Buy -

Seller(S) 1

SELLER

Telefonica

Madrid, Spain

Category Company
Founded 1924
Sector Communications
Employees100,870
Revenue 41.3B EUR (2024)
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 13 of 15
Sector: Communications M&A 8 of 10
Type: Divestiture M&A Deals 12 of 14
Country: Chile M&A 1 of 1
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-07 IhackLabs

London, United Kingdom

IhackLabs is a company that identifies, teaches, trains and validates the level of expertise of the next generation of cybersecurity professionals. It has different cloud-based training platforms and labs under a SaaS model that simulate real cyber threat situations adapted to the specific needs of companies and organisations of all kinds in multiple sectors. IhackLabs is based in London, United Kingdom.

Buy -
FOLLOWING 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 -