EB Capital targets BRL2bn ahead of ISP takeover spree

11 Nov 2020

Brazilian private equity fund EB Capital is in the process of raising BRL2 billion (USD373.3 million), as it seeks to consolidate a number of regional fibre-optic players under the ‘EB Fibra’ banner. According to business site Brazil Journal, the company has already lined up nine prospective acquisitions, which are in the final stage of due diligence. Some of these deals are expected to close before the end of the year. Indeed, the investment firm expects to end 2020 with around 800,000 customers and reach the two million-milestone by 2025, via a mixture of organic growth and strategic acquisitions.

EB Capital, which is run by Eduardo Sirotsky Melzer, Fernando Iunes, Luciana Antonini Ribeiro and Pedro Parente, already owns a controlling stake in regional operator Sumicity. The takeover of a 60% stake was agreed in December 2018 and concluded in April 2019. Subsequently, in August 2020, EB acquired a controlling stake in regional B2B operator Mob Telecom.

Brazil, EB Capital, Mob Telecom (Brazil), Sumicity