Speculation mounts on Euskaltel bid for Telecable

Speculation is mounting that Basque region cable operator Euskaltel could make a bid for Asturias operator Telecable following a reported postponement of the deadline for bids for the latter by private equity owner Carlyle from July 13 to July 24. The postponement is seen as giving time for Euskaltel to do the necessary due diligence […]

Carlyle reportedly looking at Telecable sale

Private equity outfit Carlyle could sell its controlling stake in Spanish regional cable operator Telecable, according to press reports. According to Reuters, citing two sources with knowledge of the matter, Carlyle has hired Goldman Sachs to advise on a possible sale of its 85% stake in the operator, which runs networks in the Asturias region […]

Altice granted Numericable exemption

France’s financial markets regulator, the AMF, has granted Altice an exemption from an obligation to launch a public offering for Numericable associated with its acquisition of a controlling stake in the cable operator. The move opens the way for Altice to acquire the stakes in Numericable held by private equity groups Carlyle and Cinven. The […]

Altice increases stake in Numericable to 40%

Altice, the investment vehicle of Patrick Drahi, is to take its stake in French cable operator Numericable up to 40% by acquiring 5% each of the holdings of private equity groups Carlyle and Cinven. The move, which follows Numericable’s IPO, will take Altice’s holding from 30% to 40%. Carlyle previously held a 26% stake in […]

Numericable targets €652 million through IPO

French cable operator Numericable is seeking to raise around €652 million by listing on the stock market next month, through an IPO that will value the firm at up to €5.57 billion.  The firm will sell its shares for between €20.30 and €24.80 per-share and said the IPO will include €250 million in new shares and […]

Carlyle acquires Spain’s Telecable

Private equity firm The Carlyle Group has acquired an 85% stake in Spanish cable operator Telecable. Spain’s Liberbank will retain a minority stake in the regional cabler. The transaction values the company at €400 million. Telecable has 156,000 fixed and mobile voice and internet customers and posted revenues in excess of €121 million in 2010. […]

Carlyle Group completes acquisition of Sagemcom

Private-equity investor Carlyle Group has completed the acquisition of French set-top provider Sagemcom from Gores Group. Carlyle Group has acquired 70% of the capital of Sagemcom for an undisclosed sum, with the remainder being held by the company’s existing management and employees. Sagemcom reported revenues of €1.4 billion last year. The company has 6,000 employees […]