
PORTUGAL - The Riverside Company completes acquisition of ONI
US private equity firm The Riverside Company has completed the acquisition of Lisbon-based ONITelecom - Infocomunicações SA from utilities player EDP (Energias de Portugal).
ONI is the third largest fixed line services provider in the country, holding over 20% of the corporate and carriers market segments. ONI provides telecommunication services to a host of large corporations, holding 40% of the financial services and insurance sub-segments. ONI marks Riverside’s second acquisition of the year and the third transaction for the firm in the last four weeks throughout Europe.
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