Partners Group agrees to buy 75% of Italian EOLO


The optical fiber of a cable is seen unsheathed in a storage area in Perugia, Italy on June 23, 2017. REUTERS / Alessandro Bianchi

MILAN, July 17 (Reuters) – Switzerland-based investment firm Partners Group (PGHN.S) has reached an agreement to buy a 75% stake in Italian broadband and wireless communications group EOLO, announced on Saturday the Italian company.

Under the agreement, Partners Group will purchase the EOLO shares held by principal owner Searchlight Capital Partners and a portion of the shares held by EOLO president and founder Luca Spada.

Spada will retain ownership of the remaining 25%.

No financial details were disclosed in the EOLO press release, but a source familiar with the matter said the Partners Group offer valued the entire group at 1.2 billion euros (1.4 billion euros). dollars).

EOLO, Italy’s leading provider of connectivity via fixed wireless access technology, said the arrival of Partners Group would strengthen its competitive position, “which envisages investments of 850 million euros by 2025”.

Earlier this year, Partners Group bought a 49% stake in Telepass, the toll roads payment unit of Italian infrastructure group Atlantia.

($ 1 = 0.8471 euro)

Reporting by Stephen Jewkes; Editing by Crispian Balmer

Our Standards: The Thomson Reuters Trust Principles.

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