The Carlyle Group Acquires Telecable de Asturias
Global alternative asset manager The Carlyle Group has agreed to acquire an 85% share of Telecable de Asturias S.A.U., an Oviedo, Spain-based telecommunications provider operating in the Spanish Asturias region.
The investment, which comes from Carlyle Europe Partners III, a €5.3bn investment fund advised by The Carlyle Group, will support the company’s growth. After the transaction, which is expected to close by year-end and values Telecable at €400m, Liberbank will retain a minority stake.
Founded in 1995, led by CEO Alejandro Martínez Peón, and chaired by Juan García-Conde, the company provides TV, telephony, broadband and advanced business solutions to 156,000 fixed and mobile voice and Internet users.