For such purposes, Nexxus Iberia has raised its first continuation fund, OFG Continuation Fund, with Headway Capital Partners and Mill Reef Capital acting as core investors along with a raised of €56 million through an investment partnership comprising FEI, Columbia Threadneedle, several family offices and former investors that have decided to reinvest in the group. The deal was partially financed by Banco de Sabadell.
OFG is an international company with more than 16 years of experience in the telecommunications sector, offering comprehensive services in the deployment of fixed and mobile networks to meet the needs of its customers, mostly operators and vendors. OFG is an international company with headquarters in Spain and operations in Europe (Belgium, Holland, Spain) and Latin America (Panama, Costa Rica, Mexico, Nicaragua, Colombia and Chile). Even though OFG’s international growth has consolidated its position in the sector, the new resources will support and accelerate a new phase of growth for the Spanish provider of integrated telecommunications services in Europe, Latin America and the USA.
The Pinsent Masons’ Madrid team has been led by partner Francisco Aldavero Bernalte, with the assistance of Elena Ribelles Segura, Alfonso Pobes Vallés and Raquel Oya Diéguez. Pinsent Masons has also advised on the financing through its Banking & Finance team, led by partner José Millán assisted by Pedro Gila Martínez-Conde.
