In June 2006, Espírito Santo Capital, through its Fund FCR PME BES, invested € 2,000,000 in the acquisition of a 55% stake in TLCI, a company specialized in the retail and distribution of telecom products, in an Owners Buyout deal. In the last 8 years, through a buy and build strategy, the Company enlarged its geographic scope to the entire Portuguese territory and became the most important agent of Portugal Telecom Group.
In 2008, established MMCI as a result of the spin-off of the multimedia department of TLCI, which has the relationship with Zon / Optimus. Later on, incorporated Mobile World, through a new investment of all shareholders (€ 430,000 for FCR PME BES), which started a relationship with Vodafone, via the acquisition of the assets of a distressed company.
In March 2014, the minority shareholders acquired the stake owned by FCR PME BES and ESAF, generating for FCR PME BES a net capital gain of € 3,000,000, a divestment multiple of 2.18x and an IRR of approx. 13%.