---
title: Grain Management buys Brazilian ISP Conexao - Developing Telecoms
description: Grain Management, a private equity firm focused on digital infrastructure, has acquired Conexao Group, a Brazilian alternative high-speed internet service provider (ISP) operating in the Northeast and Southeast regions of Brazil, from ACON Investments, a private equity firm.
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date: 2021-07-09T06:09:19Z
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Grain Management, a private equity firm focused on digital infrastructure, has acquired Conexao Group, a Brazilian alternative high-speed internet service provider (ISP) operating in the Northeast and Southeast regions of Brazil, from ACON Investments, a private equity firm.

According to a press release from the private investment firm that invests in the telecommunications sector, Conexao is one of the fastest-growing Brazilian providers of high-speed internet, servicing more than 450,000 subscribers and over 20,000 corporate subscribers.

Conexao Group operates multiple brands including, CABO, Multiplay, Conexao, Outcenter, and StarWeb among others.

"The company also owns the entirety of its approximately 8,400 fiber route mile network, making it a strong platform for growth. As the center of many telecommunication expansion opportunities in Latin America, Brazil is prime for investment in what is currently a highly fragmented market. The strong uptick in broadband demand coupled with compelling macroeconomic and exchange factors also supports inbound activity from seasoned investors looking to partner with strong businesses," said the release.

“The opportunity set for both strategic and organic growth through the acquisition of Conexao is solid,” said David Grain, founder, and CEO of Grain. “Telecommunications growth in Brazil is robust and aligns with the macro trends around which our Firm invests. The capital and expertise that Grain brings to this landscape present a compelling investment case for our team and our investors.”

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