Cinven


KKR and Cinven bid for MásMóvil could pave way for Spanish shake-up

Private equity groups KKR and Cinven have teamed up to make a friendly takeover bid for Spain’s fourth-ranked telecom operator MásMóvil for up to €2.963 billion, which could pave the way for a long-awaited shake up of the Spanish telecom market.   The funds are offering €22.50 a share for the operator, which has been […]

Cinven confirms bid for Telekom Slovenije

Investment group Cinven has confirmed that it has placed a binding offer to acquire the Slovenian government’s stake in local telco Telekom Slovenije. Cinven said its intentions for Telekom Slovenije are to invest significantly to upgrade the network, to stop the Company’s revenue decline, stabilise and then grow revenues sustainably for the long term. The […]

Two bidders for Telekom Slovenije

Two bidders for Slovenian telco Telekom Slovenije have emerged, both with binding bids that come in under the market value of the company, according to a Reuters report. According to Reuters, citing an un-named source, investment group Cinven and Germany telecom giant Deutsche Telekom have placed bids of about €110 a share for the company, […]

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 […]

Cinven and Warburg Pincus aiming to exit Ziggo

Private equity groups Cinven and Warburg Pincus are planning their exit from the Netherlands’ largest cable operator Ziggo with a fresh offering of 27 million shares via an ‘accelerated bookbuild’ offering, and a potential upsizing to sell a further 7.2 million shares that would see the investors sell their entire holding in the cable operator. […]

Ziggo shareholders sell 20% stake

Ziggo’s main shareholders, private equity firms Cinven and Warren Pincus, are due to sell a 20% stake in the Dutch cable operator business.  The sale will see the pair sell 40 million shares, at an estimated price of some €1 billion, and will leave them with a combined 17.1% of the business. The move comes […]