TDC and private equity duo expected to bid for Get

1 Sep 2014

Norwegian cableco Get expects to receive binding offers from Denmark-based TDC and two private equity funds, with the sale process likely to value the company at around EUR1.4 billion (USD1.84 billion). According to Reuters, which cites sources familiar with matter, it is anticipated that European private equity duo BC Partners and EQT will both table bids ahead of the 11 September 2014 deadline that has been set for offers.

As previously reported by CommsUpdate, in May 2014 the group of investment companies that own the Norwegian cableco were said to have hired banks to advise on plans to list shares in the cableco on the stock market. With it suggested that the offering could actually value Get at around NOK15 billion (USD2.4 billion), including debt, it was claimed that Goldman Sachs and Deutsche Bank would be global coordinators in the initial public offering (IPO), while UBS and Barclays were said to be involved as bookrunners.

In the latest development it has been noted that Get’s current owners, the private equity arm of Goldman Sachs and investment firm Quadrangle, have launched the sales process in tandem with preparations for an IPO; the ‘dual track process’ has been designed to maximise investment.

Norway,Get, TDC,

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share