Projects carried out and active projects

Intercable Venezuela

Intercable Venezuela

See site


  • $150.000.000 (1998)
  • $100.000.000 Capital
  • $50.000.000 Debt


  • - Purchase of 120,000 subscribers in Venezuela.
  • - From 1998 to 2002, BGS Group identified the project, carried out pertinent due diligence, organized the company and selected management.
  • - Since 2003 up to date, BGS is partner of Intercable.

Kind of Transaction


Resources Source

Syndicated Bank

Description of the Investment

  • - Intercable is the biggest cable TV company of Venezuela.
  • - Since 1998 up to date, the company’s EBITDA increased from USD12 million to USD120 million.
  • - Since 2008 Intercable provide its clients with the triple pay service.
  • - At the beginning of their activities, Intercable had 120,000 subscribers that are nowadays turning into 600,000.

Current State

  • - With letter of intent on sale to strategic buyer. Foreseen closing date 06-2012. Probable starting value: USD 840 million (7 times more).


Gráfico crecimiento EBITDA

Value’s Growth

Gráfico crecimiento del valor