CVC is taking a minority stake in Prague-based CDN77 through its Strategic Opportunities platform.
Why it matters: The deal puts a reported $1.9 billion price tag on a fast-growing internet infrastructure provider. It also shows CVC backing a founder-led business that sits in the middle of cloud, streaming and AI demand.
- CDN77 said CVC will invest through its Strategic Opportunities platform.
- Founder and CEO Zdeněk Cendra will keep a majority stake and continue leading the company.
- Reuters reported the deal values CDN77 at about $1.9 billion and said it is the company's first external investment.
- Reuters said CDN77 serves customers including Rakuten TV, Banijay, Udemy and Starz.
CVC agreed to buy a minority stake in CDN77, a Prague-based internet infrastructure company. The firms said the transaction is a partnership, not a control deal, and that CVC is investing through its Strategic Opportunities platform, which CVC describes as a longer-duration strategy focused on founder-led businesses. CVC and CDN77 announced the deal.
CDN77 said founder and CEO Zdeněk Cendra will retain a majority stake and continue running the company. The company said it operates its own network, hardware platforms and software stack, with a global edge network spanning more than 230 locations and 330 Tbps of capacity.
Reuters reported that the deal values CDN77 at about $1.9 billion, citing a source familiar with the matter. The report also said the company is receiving its first external investment and that customers include Rakuten TV, Banijay, Udemy and Starz. Reuters said CDN77 is targeting about $270 million in revenue this year, after $218 million in 2025. Reuters reported the valuation and revenue targets.
CDN77 said the next phase of growth includes storage, edge compute and dedicated CPU and GPU infrastructure for AI workloads. CVC's Strategic Opportunities platform targets longer-hold investments in founder-led companies. CVC describes the platform here.
By the numbers
- $1.9 billion - Reuters reported CDN77's valuation in the deal.
- 330 Tbps - CDN77 said this is the capacity of its global edge network.
- $270 million - Reuters said CDN77 is targeting revenue this year.
Yes, but: The companies did not disclose the stake size or full financial terms, so the reported valuation comes from Reuters citing a source familiar with the matter.