MásMovil buys Nowo and Oni

The Spanish MásMovil together with the Spanish investment fund Gaea acquired the owner of both Nowo and Oni, according to a public statement of the Portuguese Securities Market Authority (CMVM). No transaction amounts were revealed.

The company to be acquired was Cabonitel, which holds 100% of Nowo that holds 100% of Oni, being managed by the American KKR, according to CMVM.

The Spanish press has already announced in May that KKR was negotiating with MásMovil, which is the fourth-biggest telecom company in Spain,  for that purpose. Recall that it was less than a year ago that KKR bought Nowo and Oni to Apax.

About Gaea, CMVM informs that is a risk capital investment fund held by Inveready that “invests through other funds and entities in companies operating within Spain”.