Grain Management has acquired Conexao Group, one of the largest high-speed internet service providers in the northeast and southeast regions of Brazil.
Conexao services more than 450,000 subscribers and over 20,000 corporate subscribers. The company also owns the entirety of its approximately 8,400 fiber route mile network, making it a strong platform for growth. As the center of many telecommunication expansion opportunities in Latin America, Brazil is prime for investment in what is currently a highly fragmented market. The strong uptick in broadband demand coupled with compelling macroeconomic and exchange factors also supports inbound activity from seasoned investors looking to partner with strong businesses.
David Grain, founder and CEO of Grain, said, “Telecommunications growth in Brazil is robust and aligns with the macro trends around which our firm invests. The capital and expertise that Grain brings to this landscape presents a compelling investment case fo
