Antin – Acquisition of fiber company in Spain
Antin Infrastructure Partners has acquired the Spanish assets of Ufinet, in a deal that values the whole fiber optics company at an enterprise value of around EUR 2bn. The current owner, private equity firm Cinven, decided that its sixth fund would buy the Latin American assets from its fifth fund. Cinven Fund VI bid just over the highest offer for Latin America having decided there was still upside in Latin America. Financial details of the transaction have not been disclosed.