CVC Buys Minority Stake in CDN77 for $1.9 Billion
Private equity firm CVC has agreed to acquire a minority stake in Prague-based internet infrastructure provider CDN77, valuing the company at approximately $1.9 billion. Founder Zdenek Cendra will retain his majority stake and continue leading the business.
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Private equity group CVC CAPITAL PARTNERS PLC has agreed to buy a minority stake in Prague-based internet infrastructure provider CDN77 in a $1.9 billion transaction on Wednesday afternoon. The deal marks the largest private equity transaction in the Czech Republic and Central and Eastern Europe's technology sector this year. The investment brings in external capital for CDN77 for the first time since its founding.
