Advisor/Placement Agent to EB Capital
LSH Partners served as an advisor/placement agent to EB Capital, a Brazilian-based investment platform founded in 2017, with respect to its acquisition of VM Openlink SA (DBA: Sumicity). Sumicity is a leading broadband provider in the state of Rio de Janeiro, Brazil that offers fixed broadband, IPTV and fixed line solutions through a fiber-only infrastructure.
EB Capital believes Sumicity is the second largest local fiber Internet Service Providers (ISP) in the country. Increasing demand for data consumption has been driving the growth of Fiber-to-the Home (FTTH) services, however, smaller cities remain underserved by big Telcos as they focus their operations on large cities. There is a significant opportunity for regional ISPs to expand in peripheral areas.
EB Capital targets middle market private equity opportunities in Brazil within selected high growth industry segments. EB Capital seeks to leverage the values and long-term vision of a family, coupled with world class investment and operating professionals.