Tendersinfo keep you informed about the latest events in the national and international Procurement Industry. Procurement News provides in-depth coverage of the procurement industry, including contract awards, contract additions, new contract wins, mergers and acquisitions. Tendersinfo through its tender news section provides an update on all domestic and global tendering opportunities, invitation to bid & trade leads.

Publish Date : 23-Jul-2014

Global alternative asset manager, The Carlyle Group today announced it has entered into an agreement with the founders of Expereo, a global managed Networks Operator, to take a majority stake in the company. The founders will retain a significant stake in the Business and will continue to serve in senior management positions in the Company.

Founded in 2004, Expereo is a global provider of Dedicated and Broadband Internet, Ethernet, Virtual Private Networks, WiFi, Equipment and On-site Professional Services to international carriers, cloud providers and integrators. Expereo currently operates in 180 countries and has offices and points of presence in The Netherlands, USA, Canada, UK, Germany, Hong Kong, Singapore, Japan and Australia.

Raj Raithatha, CEO of Expereo commented: “We are delighted to have Carlyle as a partner, as they understand the complexity of international markets and their broad international presence and experience will support us in accelerating the Company’s growth. Their support enables us to do acquisitions, open new offices in growth markets, enhance our product portfolio and expand our network.”

Vladimir Lasocki, Managing Director at The Carlyle Group said: “Expereo is a very successful company, which in a relatively short period of time has established strong capability as a global Internet access aggregator. We are delighted to be working with Expereo to support the future growth of the Company through additional international expansion and product diversification.”

The equity for the Expereo transaction would come from Carlyle Europe Technology Partners III (CETP III). CETP III is a pan-European fund focusing on growth-oriented investments in telecoms, media and technology. This will be the first investment of CETP III. The transaction is still subject to anti-competition approval and it is expected to complete in August 2014 and no further financial details were disclosed.

Go to previous page