The Vila-Manzano group has detached from Supercanal in the hands of investment funds – 17/07/2018

Supercbad announced yesterday that will have a new controlling shareholder. The company was founded in 1945 by Daniel Vila and one of its directors is the former minister of Carlos Menem, José Luis Manzano . CVI Austral – an investment group specializing in telecommunications and technology projects – will manage "their destinations", according to a brief official statement

In the investment control group, the ICondor fund stands out among other investors such as Pablo Venturino and Mariano Gilles. White Bridge.

The owner of ICondor is Carlos Joost Newbery, who participated in the founding of Movicom (who will later become Movistar) and CTI Móvil, who was initially cable operator in the country's interior, then to Buenos Aires. 19659002] With a presence in 14 provinces of the interior, it is estimated that Supercbad has between 400,000 and 500,000 customers . He is behind Cablevisión, DirecTV and Telecentro. The biggest presence of the company is in the Cuyo region, where are its origins. It also walks in the provinces of Patagonia and Cordillera (La Rioja).

Newbery will be chairman of the board of directors of Supercbad
Pablo Venturino and Mariano Gilles of White-Bridge, who structured the purchase transaction and will also be part of the board of directors. ;administration. Vila and Manzano would be disconnected.

CarVal Investors worked with Newbery and White-Bridge to provide financing that allowed the acquisition of Supercbad. The last major operation of this fund was when paid US $ 60 million in the shopping center Recoleta, the shopping center that revolves around the Village Cines of this district. In 2010, he put it on sale, but did not find any attractive bidder. Then, transferred the operation to the operators of Solar de la Abadía

CarVal also participated in the restructuring of the debt of Mastellone Hermanos and Autopistas del Sol, in which he participated as that advise. Although Carval became part of the Cargill structure, is now separated from the grain plant.

"The acquisition of the company and the deployment of a new fiber optic network and digital services, will require an investment of nearly 400 million US dollars," he said. declared in a statement. that the sale of Supercbad has been announced.

It is estimated that in the pay-TV market there were 8.6 million customers. After Cablevisión, DirecTV and Telecentro, a group of operators brings together 2.18 million customers. It is estimated that Supercbad is one of the most important of this group.

"This represents a strong commitment to the future of the country, in a technological innovation project that will create jobs, help bridge the digital divide and continue to bring" In the field of telecommunications, it is said that the infrastructure of Supercbad was somewhat obsolete against such a demand for data from consumers and this does not count with modern networks. prevents speeding up the Internet . This does not happen in all places because in Mendoza it is better equipped than in the other corners where it has operations, according to the content providers.

Although its network requires a technological update, the provinces, operating licenses and other conditions that may be attractive for a telecommunications investor eager to grow.