Curacao Growth Fund CV, a fund managed by BKM Management signed an agreement to acquire Zenitel Caribbean B.V. from Zenitel NV (ENXTBR:ZENT) in cash on November 3, 2015. In 2014, Zenitel Caribbean had an annual turnover of €4.6 million and a recurring EBITDA of €1.3 million. Elke Janssen, Ruud Smits and Rebecca Pinto of NautaDutilh acted as legal advisors to Zenitel.

Curacao Growth Fund CV, a fund managed by BKM Management completed the acquisition of Zenitel Caribbean B.V. from Zenitel NV (ENXTBR:ZENT) for €6.6 million in November 2015. In addition, an earn-out amount was also paid in January 2016.