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HIG Capital agrees sale of subsea telecoms group Xtera

privateequitywire

5 months ago

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HIG Capital has entered into a binding agreement to sell its portfolio company Xtera to a joint venture led by Prysmian and Fincantieri, marking an exit from the subsea telecommunications specialist it established in 2017.
The transaction, which remains subject to regulatory approvals, is expected to complete in the first quarter of 2026. Financial terms have not been disclosed.
Headquartered in London, Xtera designs and delivers subsea telecom networks and operates in a sector benefiting from r...

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