Monday, July 21, 2014

Carlyle Positions for Genachowski's WiFi Push

The following news came two weeks after Carlyle Group Managing Director and ex-FCC Chief Julius Genachowski recommended Wi-Fi enabled broadband access to America's schools.

Global alternative asset manager, The Carlyle Group (NASDAQ:CG) today announced it has entered into an agreement with the founders of Expereo, a global managed Networks Operator, to take a majority stake in the company.  The founders will retain a significant stake in the Business and will continue to serve in senior management positions in the Company. 

Founded in 2004, Expereo is a global provider of Dedicated and Broadband Internet, Ethernet, Virtual Private Networks, WiFi, Equipment and On-site Professional Services to international carriers, cloud providers and integrators.  Expereo currently operates in 180 countries and has offices and points of presence in The Netherlands, USA, Canada, UK, Germany, Hong Kong, Singapore, Japan and Australia. 

What have you learned anything about private equity over the last seven years?