Inveready has raised over 500 million euros for its second private equity fund and made its first investment with the acquisition of Avatel Telecom for more than 150 million euros.

Target Information

Inveready has successfully completed the fundraising for its second private equity fund, surpassing 500 million euros in commitments within just six months. This fund has enabled the firm to make its initial investments, particularly notable is the acquisition of Avatel, a telecommunications operator, amounting to over 150 million euros in collaboration with part of the fund's investors. The acquisition reflects Inveready's strategy of investing in high-potential small- and medium-sized enterprises (SMEs).

Avatel operates in the telecommunications sector, providing innovative solutions and services to a growing customer base. As a major player in this rapidly evolving industry, Avatel's operational capabilities, coupled with its strategic initiatives, position the company well for long-term growth and sustainability.

Industry Overview

The telecommunications industry in Spain is undergoing significant transformation, driven by advancements in technology and changing consumer demands. With a