Carlyle Group acquires majority stake in Expereo
21 July 2014 | Kavit Majithia
Asset management company Carlyle Group has acquired a majority stake in Netherlands-based Expereo.
Expereo’s founders will retain a significant stake in the business and will continue to serve in senior management positions in the company.
Raj Raithatha, CEO of Expereo said the move will enable the company to broaden its international presence: “Their support enables us to do acquisitions, open new offices in growth markets, enhance our product portfolio and expand our network.”
Expereo was founded in 2004 and provides a range of services in the market, including broadband internet, Ethernet, VPN, Wifi and equipment for international carriers, cloud providers and integrators.
“Expereo is a very successful company, which in a relatively short period of time has established strong capability as a global internet access aggregator,” said Vladimir Lasocki, MD at Carlyle. “We are delighted to be working with Expereo to support the future growth of the company through additional international expansion and product diversification.”
Expereo operates in 180 countries and has offices and points of presence in The Netherlands, USA, Argentina, Canada, Mexico, the UK, Germany, Russia, the United Arab Emirates, Morocco, Hong Kong, Singapore, Japan and Australia.