Deutsche Beteiligungs AG, investor in inexio since 2013, is also participating in the capital increase. The total enterprise value of the transaction – whose closing is subject to a number of customary conditions and approvals – was approximately €250m. Under the terms of the deal, Warburg Pincus will appoint two members of the Supervisory Board of inexio and René Obermann will become Chairman.
The company will use the proceeds for future growth and development of the business.
Led by Chief Executive Officer and founder David Zimmer, who will continue to lead the company, inexio provides high speed internet access to Over 4,000 commercial customers – from corporations to small and medium sized enterprises (SMEs) – and over 65,000 households in underserved, primarily rural areas across Germany, predominantly in Rhineland-Palantine, Bavaria, Baden-Württemberg and Saarland.