In January of this year Portland Private Equity was pleased to announce that the first investment of Portland Caribbean Fund II would provide continued exposure to growth in the Latin American and Caribbean telecom sector. The recent announcement by Liberty Global of its intent to acquire Cable & Wireless validates the investment thesis underlying Portland Caribbean Fund II’s first investment.
Mike Fries, CEO of Liberty Global, said, “The acquisition of Cable & Wireless represents a watershed moment for our recently created LiLAC platform. It will add significant scale and management depth to our fast growing operations in Latin America and the Caribbean, while creating a new regional consumer and B2B powerhouse.”
