European private equity firm Cinven has mandated Goldman Sachs and UBS to advise on a potential sale of Ufinet Group, a Madrid-based telecom infrastructure operator, in a deal that could value the business at approximately €6bn, according to a report by Bloomberg.
The reports cites unnamed sources close to the matter as saying that the formal sale process is expected to launch after the summer, although deliberations are ongoing and Cinven may still decide to retain the asset longer term, the sources said. Neither Cinven nor the appointed advisors have publicly commented on the process.
Ufinet Group is a carrier-neutral fibre network provider, delivering wholesale infrastructure and transmission services to telecom operators across Spain and Latin America. The company has become a key platform in the region’s growing demand for digital connectivity, benefiting from secular tailwinds in data consumption and network densification.
Cinven first invested in Ufinet in 2014 and has since scaled the business through organic growth and acquisitions. A successful exit at the targeted valuation would represent a significant return for the sponsor.
The potential transaction comes amid continued strong investor appetite for digital infrastructure assets, which are seen as resilient, high-growth plays within private markets. The expected sale is likely to draw attention from infrastructure funds, pension investors, and strategic telecom players seeking scale and diversification in the Iberian and Latin American markets.
