Cinven, a private equity firm, agreed to acquire Euro Techno Com Group, a value-added distributor for the telecom network and technology infrastructure industry, from The Carlyle Group, a global investment firm, for $2.1bn. "Our business has a leading position in an industry where the intersection of technological change and network resilience is driving significant opportunity. We have the ambition to create a global leader in our industry and through Cinven’s investment, we have a partner with significant experience in the telecom and distribution sectors and look forward to taking our business forward at pace," Cédric Varasteh, ETC Group Founder and CEO.