Home / Business and Economy / Prague's CDN77 Valued at $1.9B in CVC Deal
Prague's CDN77 Valued at $1.9B in CVC Deal
23 Sep
Summary
- CVC Private Equity acquired a minority stake in CDN77.
- The deal values the internet infrastructure provider at $1.9 billion.
- This marks the first external investment for CDN77 since its founding.
Private equity firm CVC has agreed to acquire a minority stake in Prague-based internet infrastructure provider CDN77. This significant transaction, which values CDN77 at approximately $1.9 billion, marks the company's first-ever external investment since its founding in 2011. The deal injects substantial capital and strategic partnership into the burgeoning tech sector.
CDN77, led by its founder and CEO Zdenek Cendra, specializes in providing computing power and storage for streaming, gaming, and AI applications. The company boasts a client roster including Rakuten TV, Banijay, Udemy, and Starz. CVC's investment is expected to facilitate CDN77's expansion, with Cendra retaining majority ownership and continued leadership.
This partnership is highlighted as the largest private equity deal in Central and Eastern Europe's technology sector for the current year. CVC's involvement aims to support CDN77's growth trajectory, enabling the company to scale its operations and enhance its service offerings while maintaining focus on its customer base.
