UFINET Telecom: A new change in ownership (C)
The case recounts the decision Enel made in 2021 regarding its option to purchase the remaining stock of telecommunications company Ufinet International, and thus achieve full ownership of the company. Ultimately, Enel decided to extend its partnership with Cinven, exercising its option only to sell 80% back to that investment fund. The case relates the major growth and business milestiones achieved by Ufinet since the partnership between Enel and Cinven began in 2018, still under the leadership of the management team headed by Iñigo García Del Cerro, which has remained in place throughout all of the company's ownership changes.
Collection: IESE (España)
Ref: SM-1735-E
Format: PDF
Number of pages: 1
Publication Date: Nov 21, 2022
Language: English, Spanish
What material is included in this case:
Description
The case recounts the decision Enel made in 2021 regarding its option to purchase the remaining stock of telecommunications company Ufinet International, and thus achieve full ownership of the company. Ultimately, Enel decided to extend its partnership with Cinven, exercising its option only to sell 80% back to that investment fund. The case relates the major growth and business milestiones achieved by Ufinet since the partnership between Enel and Cinven began in 2018, still under the leadership of the management team headed by Iñigo García Del Cerro, which has remained in place throughout all of the company's ownership changes.
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Year: 2021
Geographic Setting: South America, United States
Learning Objective
This case inquires into the relationship between the owners and the general management based on the conditions for retaining this management regardless of changes in ownership; these conditions are related to the capacity to adapt to the new policies of each owner. It also explores the role of the board of directors and the relationship between the executive chair and the CEO, as well as the expanded responsibilities of general management regarding long-term continuity. It also explores the strategic implications of different ownership realities.
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"UFINET Telecom: A new change in ownership (C)"
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