At what enterprise value was MASMOVIL acquired in 2020?

During the acquisition of MASMOVIL by CINVEN / KKR / PROVIDENCE EQUITY PARTNERS in 2020, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 3b - 100b EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 13.3x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of MASMOVIL when it was acquired by CINVEN / KKR / PROVIDENCE EQUITY PARTNERS?

The estimated EV/EBITDA multiple for MASMOVIL is in the range of 10x - 18x. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 13.3x. Join our community for free to access full valuation data and industry trends.

What was the revenue of MASMOVIL at the time of the deal?

The revenue of MASMOVIL at the time of the deal is estimated to be in the range of 1b - 3b EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of MASMOVIL during the acquisition?

MASMOVIL's EBITDA is estimated to be in the range of 250M - 500M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the MASMOVIL acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the MASMOVIL deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.cinven.com/news-insights/cinven-kkr-and-providence-complete-the-acquisition-of-spanish-telecommunications-operator-masmovil/

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Home Database TMT (Tech, Media, Telecom)MASMOVIL

11/2020

MASMOVIL

Acquired by

CINVEN, KKR & PROVIDENCE EQUITY PARTNERS

SPAIN Telecom / Operators EV 3b - 100b EUR

MASMOVIL acquired by CINVEN, KKR & PROVIDENCE EQUITY PARTNERS

SPAIN Telecom / Operators EV 3b - 100b EUR

Context

A premier private equity consortium comprising Cinven, KKR, and Providence Equity Partners has successfully finalized the 99.3% public-to-private take-private acquisition of MASMOVIL. The investment thesis represents a classic large-scale infrastructure and telecom platform buyout, heavily focused on capturing localized market expansion and sector consolidation in Western Europe. By securing near-total equity control, the financial sponsors establish a powerful operational beachhead within the Iberian telecommunications landscape. The post-closing strategic rationale centers on providing institutional growth capital and deep sector expertise to back MASMOVIL’s management team. The upcoming corporate roadmap prioritizes accelerating capital-intensive infrastructure projects to improve regional network access, while aggressively rolling out innovative digital and quad-play services. This multi-billion dollar sponsor-led intervention is engineered to unlock substantial operational efficiencies, maximize multi-stakeholder value creation for customers and employees, and fortify the operator's competitive positioning against national incumbents.

MASMOVIL, which reported an EBITDA margin of LOGIN in 2019, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the TMT (Tech, Media, Telecom) sector (13.3x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

MasMovil is a Spanish telecommunications operator that provides a range of telephone, internet, and cable television services to its customers. Founded in 2006, the company has established a solid reputation in the Spanish telecommunications sector, particularly in the mobile telecommunications sector. MasMovil offers fixed and mobile telephone services, as well as internet and cable television services, and has recently expanded its offer by acquiring fixed-line assets, including the Portuguese operator Nowo Communications SA in 2020. With an extensive presence in Spain, MasMovil has become a major player in the Spanish telecommunications sector, with a strategy focused on growth and innovation.

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Other operations with MASMOVIL

Date	Acquirer	Target	Country	Sector	Deal Context
03/2021	MASMOVIL	EUSKALTEL	SPAIN	Telecom	MasMovil has launched a tender offer to acquire 100% of Euskaltel for €11.17 per share in cash. This acquisition is part of MasMovil's growth strategy, which aims to expand its telecommunications services offer in Spain. The acquisition of Euskaltel will allow MasMovil to strengthen its position in the Spanish market and benefit from significant synergies. Euskaltel's shareholders have welcomed the offer, which represents a 27% premium to the 30-day weighted average price. The transaction is expected to be completed in the coming months, subject to the necessary regulatory approvals. This acquisition is an important step in MasMovil's strategy, which aims to become one of the leading telecommunications operators in Spain. The company has already made significant acquisitions in the past, including the acquisition of Nowo Communications SA in 2020.

REFERENCES

Valuation range: EV 3b - 100b EUR

Revenue range: 1b - 3b EUR

EBITDA range: 250M - 500M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of MASMOVIL by CINVEN / KKR / PROVIDENCE EQUITY PARTNERS are reserved for mynth community members. Register for free to unlock full data.

Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: masmovil

Acquirer: kkr / cinven / providence equity partners