Linzor Capital Partners International Fund, together with co-investors and partners, acquired 100% of Chilean triple play operator Mundo Pacifico. Linzon partened in this investment with Teras Capital, a Spanish investment group specializing in the industry.
Mundo Pacífico offers up to 1000 mbps broadband plans, in addition to pay TV and telephony for more than one million homes in Chile. Apart from that,, its fiber network is 11 thousand km long.
‘FTTH is the future to deliver high-speed internet to homes. We see a large growth opportunity for Mundo Pacifico in Chile’, said Tim Purcell, Managing Partner at Linzon. Enrique Coulembier Picchi, CEO at Mundo Pacifico, has also expressed himself on the acquisition and said that from the triple play operator they are ‘thrilled with the entrance of Linzor and their partners’, and added that the support and financial capabilities of this group ‘will allow us to strengthen our operations and accelerate our growth’. Finally, he promised that Mundo Pacifico ‘will continue working diligently to bridge the digital gap in Chile, delivering a high quality service to our clients at a fair price’.
Linzor Capital Partners is a private equity fund founded in 2006, with offices in Argentina, Chile, Colombia and Mexico. The international company manages over USD 1.2 billion through its funds, which are invested in diverse sectors, including retail, financial services, education and food manufacturing. On January this year, Linzor Capital Partners announced that Komax, the Chilean retailer that distributes brands such as The North Face, GAP, Brooks Brothers, DC, Kipling and others – owned by Arístides Benavente, Carlos Alberto Cartoni and Linzor Capital – decided to expand its current footprint. It has now added Uruguay to its existing operations in Chile and Peru, by buying a majority stake in the underwear retailer SiSi.