Warburg Pincus sells majority stake in Poland's Inea to Macquarie

Wednesday 6 December 2017 | 17:00 CET | News

Warburg Pincus, a global private equity company, is selling a majority stake in the Polish regional operator Inea to Macquarie European Infrastructure Fund 5, managed by Macquarie Infrastructure and Real Assets. Terms of the transaction were not disclosed.

Founded in 1992 and headquartered in Poznan, Inea offers triple- and quadruple-play services to its residential and business customers, including cable TV, broadband at up to 1 Gbps, fixed and mobile telephony. 

Warburg Pincus initially invested in Inea in 2013, acquiring a strategic minority stake in the company and subsequently a majority share. Under the Warburg Pincus ownership, Inea constructed a 4,500-km fibre backbone network (Wielkopolska Siec Szerokopasmowa) and increased its last-mile network footprint from 360,000 homes passed to 500,000 homes passed, with a further 200,000 homes passed expansion already contracted with support of EU funds. Inea's EBITDA doubled since Warburg Pincus’ investment. 

In October, Warburg Pincus announced it had not found buyers to buy Inea for PLN 1.5 billion.

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