Swedish cableco Com Hem’s private equity owner has reportedly kicked off IPO discussions amidst a surge in telcos looking to hit buoyant equity markets this year.
London-based BC Partners has yet to appoint advisers for a possible sale and talks with…
Swedish cableco Com Hem’s private equity owner has reportedly kicked off IPO discussions amidst a surge in telcos looking to hit buoyant equity markets this year.
London-based BC Partners has yet to appoint advisers for a possible sale and talks with Com Hem’s management are at an early stage, reported Bloomberg citing sources.
A decision on the listing is expected to be awaiting the appointment of a new CEO to replace Tomas Franzen, who announced plans to step down in November, added the report.
BC Partners and Com Hem declined to comment.
The PE firm snapped up the cableco in late 2011 from US buyout groups Carlyle and Providence Equity Partners. The highly leveraged deal was reported to be worth around €1.8bn.
The speculation comes alongside a spate of renewed interested in IPOs across the telecoms sector. Multinational telco Altice, which owns Com Hem’s French peer Numericable, is listing next week. Meanwhile Spanish cableco Ono is reportedly inviting banks to work on its potential IPO.
