Magnum Capital buys Aire Networks

Following the deal, the company's founders will stay on with the business and retain a minority holding.

Aire plans to use the fresh capital to support its strategic expansion plan, focused on three main objectives: internationalisation; the extension and consolidation of the company's network in Spain; and the development of new activities within the cybersecurity and internet-of-things sectors.

The GP is deploying capital from Magnum Capital II, a vehicle launched in October 2014 with a €500m target. Aire is the sixth acquisition made by the vehicle, which has deployed around 60% of its capital.

Company
Founded in 2002 and based in Alicante, Aire is a telecoms operator providing coverage to 90% of the Spanish territory through optical fibre, radio and its own licensed band in the 2.6 GHz spectrum. The company employs 140 staff and generated revenues of €35m in 2017.

People
Aire Networks – Según Raúl Aledo (CEO).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• Southern Europe
• Infrastructure
• Spain
• Magnum Capital Industrial Partners