MASMOVIL has been 100% owned by CINVEN, KKR and PROVIDENCE EQUITY PARTNERS since November 2020.

At what enterprise value was MASMOVIL acquired in 2020?

During the acquisition of MASMOVIL by CINVEN / KKR / PROVIDENCE EQUITY PARTNERS in 2020, the transaction's Enterprise Value is estimated to be in the range of 3b - 100b EUR.

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.

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.

What was the EBITDA of MASMOVIL during the acquisition?

MASMOVIL's EBITDA is estimated to be in the range of 250M - 500M EUR.

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/

What is the average EV/EBITDA multiple for the TMT (Tech, Media, Telecom) sector in 2026?

The average EV/EBITDA multiple for the TMT (Tech, Media, Telecom) sector in 2026 is 14.9x.

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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

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 in 2019, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.9x).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

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

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
03/2021	MASMOVIL	EUSKALTEL	SPAIN	Operators

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: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: masmovil

Acquirer: kkr / cinven / providence equity partners