Private equity firm CVC has taken a minority stake in Prague‑based CDN77, valuing the internet infrastructure provider at roughly $1.9 billion, its first external investment.
London‑based private equity group CVC announced on Wednesday that it will purchase a minority stake in CDN77, the Prague‑headquartered internet infrastructure provider. The transaction values CDN77 at about $1.9 billion, according to a source familiar with the deal.
The companies did not disclose the exact percentage of the stake or the financial terms. CVC described the transaction as the largest private‑equity deal in Central and Eastern Europe’s technology sector this year.
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Why This Matters
By bringing external capital to CDN77 for the first time, the CVC investment could fund network expansion and product development, while the $1.9 billion valuation signals strong investor confidence in the region’s tech assets. As the biggest private‑equity tech deal in Central and Eastern Europe this year, it may encourage further significant ongoing PE activity in the area’s digital infrastructure market.
