Santiago, September 26, 2019
Linzor Capital Partners, together with co-investors and partners, acquired 100% of Mundo Pacifico, a Chilean company that provides residential telecommunication services through high-speed fiber-to-the-home connections (FTTH). Mundo Pacifico offers broadband internet of up to 1,000 Mbps, pay TV, and voice services, serving a wide client base through a network with over one million homes passed and more than 11,000 km of fiber in Chile.
Linzor’s entry will mark a new stage for Mundo Pacifico, strengthening the company to continue expanding its network and product offering. Linzor partnered in this investment with Teras Capital, a Spanish investment group specializing in the industry.
“FTTH is the future to deliver high-speed internet to homes. We see a large growth opportunity for Mundo Pacifico in Chile,” commented Tim Purcell, Managing Partner of Linzor. Enrique Coulembier Picchi, CEO of Mundo Pacífico, in turn added: “We are thrilled with the entrance of Linzor and their partners. The support of its team and its financial capabilities will allow us to strengthen our operations and accelerate our growth. We 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 Chile, Colombia, Mexico and Argentina. Linzor Capital Partners manages over $1.2 billion through its funds, which are invested in diverse sectors, including retail, financial services, education and food manufacturing.