Linzor Capital Partners announces the acquisition of WIN, a leading fiber-to-the-home telecom provider in Peru

By Linzor

Santiago, Chile and Lima, Peru – August 21, 2024

Linzor Capital Partners (“Linzor”) and Grupo ON have signed an agreement for the acquisition by Linzor of 100% of Wi-Net Telecom S.A.C. (“WIN”), a leading telecom provider in residential fixed services in Peru that operates through the “WIN” brand. WIN offers high-speed broadband internet powered by fiber optic technology and directly serves 527 thousand clients, through a proprietary FTTH fiber network spanning approximately 3 million homes passed. The transaction is subject to customary closing conditions established in the stock purchase agreement subscribed by the parties.

This is Linzor’s second acquisition in the sector, following its successful investment in Mundo, a leading telecom provider in Chile, which it sold to the international fund Digital Bridge in 2021. During Linzor’s ownership, Mundo tripled its fiber network, enhanced its brand recognition, and solidified its position as one of the leading residential internet providers in the country. Consistent with Linzor’s investment
strategy of deploying capital in underserved sectors, WIN operates in a country with one of the lowest broadband penetration rates in the region, presenting significant opportunities for growth and positive developmental impact.

“WIN is an excellent platform to expand fixed residential services in Peru and we are excited about the growth potential of this investment,” commented Matías Gutiérrez, Linzor Partner who led the transaction.

The capital for the acquisition will be provided by a consortium led by the firm’s latest fund, Linzor IV, alongside local and international co-investors. Acquisition financing will be provided by a syndicate of five of Peru’s largest banks.

About Linzor Capital Partners

Founded in 2006, Linzor Capital Partners is a leading regional private equity firm with investments across Mexico, Chile, Colombia, Peru, and Uruguay. The firm has raised more than US$1.3 billion in capital commitments since its inception and currently holds investments in diverse sectors, including financial services, education, healthcare, retail, and technology. Linzor invests in companies with strong growth
potential, creating value through strategic initiatives and operational improvements that drive sustainable business growth.

For more information, please visit www.linzorcapital.com.