US Market News
3月前
H.I.G. Capital Announces Sale of Brazilian Portfolio Company Desktop to ClaroMarch 26, 2026 11:00 AM
PR Newswire (US)
RIO DE JANEIRO, March 26, 2026 /PRNewswire/ -- H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $74 billion of capital under management, is pleased to announce that one of its affiliates has signed a definitive agreement to sell its portfolio company Desktop S.A. ("Desktop" or the "Company"), a leading internet service provider in the state of São Paulo, to Claro Telecom Participações S.A. ("Claro"), a subsidiary of América Móvil (BMV: AMX; NYSE: AMX), a leading telecommunications carrier in Latin America. The closing of the transaction is subject to customary conditions precedent and approvals from the Brazilian regulatory authorities. The transaction is valued at R$4.0 billion (c. $750mm, inclusive of debt), implying a price per share of R$20.82, based on Desktop's net debt as of September 30.
Since H.I.G.'s acquisition, Desktop has successfully executed on a robust growth strategy, combining accelerated organic expansion with 10 strategic acquisitions, to build one of the leading fiber platforms in Brazil. During this period, the Company has grown from approximately 150,000 subscribers to over 1.2 million subscribers, now serving more than 200 cities in the state of São Paulo, supported by a fiber network spanning over 58,000 km.H.I.G. also played a key role in supporting Desktop's successful initial public offering in February 2021 on the Brazilian Stock Exchange (B3) under the ticker B3: DESK3, marking the first publicly listed ISP in Brazil.Fernando Marques Oliveira, Managing Director and Head of H.I.G. Latin America, commented: "Desktop's trajectory is a strong example of H.I.G.'s hands-on approach to accelerating growth. Working closely with an outstanding senior management team, we supported the Company's expansion to become a leading fiber platform in Brazil, while also positioning the business as a highly strategic asset for industry players. This transaction underscores our ability to identify and execute on compelling value creation opportunities and we are gratified to have generated a very attractive result for our investors."About DesktopFounded in 1997 and headquartered in Sumaré, São Paulo, Desktop is a leading internet service provider in Brazil, with a strong and focused footprint in the state of São Paulo. The Company delivers high-speed connectivity to residential and business customers, supported by a scalable fiber infrastructure. As of year-end 2025, Desktop serves over 1.2 million subscribers across more than 200 cities, with a network spanning over +58,000 km and reaching approximately 4.8 million homes passed. For more information, visit ri.desktop.com.About ClaroClaro is a leading telecommunications operator in Latin America, offering mobile, broadband, pay TV, and digital services. In Brazil, the Company operates a fully integrated platform with nationwide coverage and leading market positions and ranks among the country's largest telecom providers. Established in 2003 through the consolidation of multiple regional operators, Claro is a subsidiary of América Móvil, a publicly traded company (BMV: AMX; NYSE: AMX) and one of the largest telecom carriers in the world, with operations in more than 20 countries and over 300 million wireless subscribers. For more information, visit claro.com.About H.I.G. CapitalH.I.G. is a leading global alternative investment firm with $74 billion of capital under management.* Based in Miami, and with offices in Atlanta, Boston, Chicago, Los Angeles, New York, San Francisco, and Stamford in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, Dubai, and Hong Kong, H.I.G. specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused/value-added approach:H.I.G.'s equity funds invest in management buyouts, recapitalizations, and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.H.I.G.'s debt funds invest in senior, unitranche, and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. also manages a publicly traded BDC, WhiteHorse Finance.H.I.G.'s real estate funds invest in value-added properties, which can benefit from improved asset management practices.H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The Firm's current portfolio includes more than 100 companies with combined sales in excess of $53 billion. For more information, please refer to the H.I.G. website at hig.com.*Based on total capital raised by H.I.G. Capital and its affiliatesContact:Fernando Marques Oliveira
Head of H.I.G. Latin America
Managing Director
foliveira@hig.comH.I.G. Capital
Av. Ataulfo de Paiva 1251
9th and 10th Floors – Leblon
Rio de Janeiro – RJ, 22440-034
Brazil
P: +55 21 2529-3550
hig.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/hig-capital-announces-sale-of-brazilian-portfolio-company-desktop-to-claro-302726355.htmlSOURCE H.I.G. Capital
Original: H.I.G. Capital Announces Sale of Brazilian Portfolio Company Desktop to Claro
investora2z
13年前
The company's prospects have been discussed in a report by Zacks. The analysts have maintained their neutral recommendation on America Movil. The company is expected to do well based on increased penetration of 4G mobile services and expansion of its PayTV platform. However, it is likely to face regulatory challenges especially in Mexico. Stiff competition in markets like Brazil and high promotional spending can lead to lower margins. Huge customer churn may also hurt topline growth. The PayTV business is doing very well and has become a significant revenue contributor for the company. However, being a low margins business, increase in PayTV's weightage can put pressure on the overall margins. It remains the largest player in Latin America, and is making investments for expansion of its network to serve the customers better. Launch of the 4G mobile services in Mexico will help the growth prospects of the company. Revenue growth is expected to be good in regions like Brazil and Mexico where the focus is on winning contract subscribers, thereby reducing the churning. The growth prospects are relatively better compared to some other players operating in more saturated markets. AT&T (T) and Verizon (VZ) are facing competition from old and new players like America Movil (AMX) and Deutsche Telekom (DTEGF.PK) who are giants in their respective countries. They are offering lower priced, less restrictive contracts which makes the competition more cost based. Availability of handsets without contracts e.g. at Wal-Mart (WMT) stores, and an increasing demand for used handsets is likely to make top-line growth difficult. Usell (USEL), which provides a platform for buying / selling used phones, reported phenomenal growth in revenues in the first half of 2013. These markets may undergo some consolidation, but the short term growth prospects are not that robust. For America Movil, the telecom bill in Mexico is likely to adversely impact the company’s performance. Going forward, the company is likely to face challenges, but the revenue growth prospects are relatively better.
Hockmir
16年前
America Movil 3rd-qtr net seen up 35 pct on merger
Thu Oct 21, 2010 1:49pm EDT
MEXICO CITY, Oct 21 (Reuters) - Mexico's America Movil, one
of the world's top telecommunications companies, is seen
posting a 35 percent jump in third quarter profit next
Wednesday as billionaire Carlos Slim's flagship consolidates
his Americawide fleet of firms.
America Movil (AMXL.MX) (AMX.N) probably had net earnings
of 25.239 billion pesos ($1.999 billion) in the July to
September period, according to the average estimate of eight
analysts consulted by Reuters.
America Movil's report next week will be the first to
showcase the results of this year's consolidation of Slim's
wireless, fixed line and cable assets across Latin America, the
United States and the Caribbean.
Analysts expect revenue from data services, such as
streaming video, to pad growth from mobile companies even as
margins will be crimped due to the inclusion this quarter of
results from fixed-line firms.
After years of fast growth, Slim has strung up a network
that UBS said in a recent report is unrivaled on the planet,
wiring the hemisphere from north to south.
Third quarter revenue was expected to surge 57 percent to
156.902 billion pesos. Earnings before interest, tax,
depreciation and amortization (EBITDA) was seen 52 percent
higher for the period, compared to last year, at 61.305 billion
pesos.
Goldman Sachs analyst Lucio Aldworth expects EBITDA margins
to be 3 percent lower as fixed-line assets pressure the
profitability of the mobile business. Slim's Mexican fixed-line
company Telmex has been hurt by increasing competition.
The company likely added 4.58 million mobile clients during
the third quarter, up nearly 15 percent from the same period a
year ago.
In June, America Movil acquired dominant Mexican fixed-line
operator Telmex (TELMEXL.MX) and regional fixed-line operator
Telmex Internacional (TELINTL.MX), both of which Slim had
majority-owned.
Slim is aiming to improve efficiencies as competition heats
up with Spain's Telefonica (TEF.MC) to dominate Latin America's
market.
http://www.reuters.com/article/idCNN2123456320101021?rpc=44
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