Amsterdam, The Netherlands – Expereo, the Global Managed Network Operator, today announces it has entered into an agreement with global alternative asset manager The Carlyle Group (NASDAQ:CG), to take a majority stake in the Company. The Expereo Founders will retain a significant stake in the Business and will continue to serve in senior management positions in the Company.
Founded in 2004, Expereo is a global provider of Dedicated and Broadband Internet, Ethernet, Virtual Private Networks, WiFi, Equipment and On-site Professional Services to international carriers, cloud providers and integrators. Expereo currently operates in 180 countries and has offices and points of presence in The Netherlands, USA, Argentina, Canada, Mexico, UK, Germany, Russia, United Arab Emirates, Morocco, Hong Kong, Singapore, Japan and Australia.
Raj Raithatha, CEO of Expereo commented: “We are delighted to have Carlyle as a partner, as they understand the complexity of international markets and their broad international presence and experience will support us in accelerating the Company’s growth. Their support enables us to do acquisitions, open new offices in growth markets, enhance our product portfolio and expand our network.”
Vladimir Lasocki, Managing Director at The Carlyle Group said: “Expereo is a very successful company, which in a relatively short period of time has established strong capability as a global Internet access aggregator. We are delighted to be working with Expereo to support the future growth of the Company through additional international expansion and product diversification.”
Bank Street Group acted as exclusive financial advisor to Expereo in this transaction.
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with approximately $199 billion of assets under management across 120 funds and 133 fund of funds vehicles as of March 31, 2014. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,600 people in 38 offices across six continents.
With a unique installed base in 180 countries, Expereo is the leading local access centric Managed Network Operator providing Dedicated & Broadband Internet, Ethernet, Virtual Private Networks, WiFi, Equipment and On-site Professional Services to international carriers, cloud providers and integrators. Starting as a pioneer in 2004 in Europe, Expereo has created a unique global offering, defined the Global Access Aggregation model, and leading it since then. Today, Expereo works with more than 2,500 suppliers in all key regions and has offices in the Netherlands, United States, Singapore, United Arab Emirates, Argentina, Russia, Mexico and Morocco.
Margo van Dooremalen
+31 20 788 0560 (ext 738)