French fund Ardian Buyout buys Magnum’s stake in Grupo Aire from Elche

french background Ardian Purchase he bought With the participation of Magnum Capital At Elche-based telecommunications firm Air Group, as confirmed by the company itself. According to the same sources, it is an operation that involves valuing the company around 600 million euros and does not change the percentage of participation of its founding partners. In addition, the current management team will continue to lead the management.

With this acquisition, Ardian Byout continues its strategy. organic and inorganic growthStarting in 2019 with acquisitions Prored, Unelink, LCRcom and AR Telecomand promoting the four main areas of its business: cloud technology, connectivity, mobile enabler and unified communications.

“Four years ago a Road map will lead us to be one main players in the industry The expansion of telecommunications at the national and international level and the involvement of this new financial partner not only ensures the continuation of this project, but also represents a new dimension when it comes to continuing to grow,” said Grupo Aire CEO. Raul AledoHe also wanted to point out that the transfer of ownership does not mean “any change” in its operation.

For the chairman of Grupo Aire, “this important agreement, to encourage entry into other markets For all our fields of activity, where we will prepare a new strategic plan together with Ardian Buyout, with which we have a special understanding with its senior managers.

In this context, Aledo points out that “This private equity sector knowledge is decisive in decision making. For this reason and because we felt a special affinity from the very first moment, we are very pleased with this operation.”

operation continues pending approval by regulatory authorities related, will take place, presumably, in the last quarter of the year.

Grupo Aire consists of a group of telecommunications companies that provide connectivity, voice, audio-visual, cloud and data center solutions to operators, companies and public administrations. It has an extensive network of unified data centers spanning the entire Iberian Peninsula and connected by a network of more than 32,000 kilometers.

In 2018, the Magnum Capital fund became a shareholder of Aire Networks, headed by Grupo Aire, and its founding partners continued to exist. The company had planned to invoice around 120 million euros last year.

Source: Informacion

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