UK private equity firm CVC has announced the completion of its SFr3.3bn (E2.422bn) acquisition of TDC’s Swiss mobile operator Sunrise.
The announcement follows the green-light from Switzerland’s regulatory authorities.
“The successful completion of the…
UK private equity firm CVC has announced the completion of its SFr3.3bn (E2.422bn) acquisition of TDC’s Swiss mobile operator Sunrise.
The announcement follows the green-light from Switzerland’s regulatory authorities.
“The successful completion of the deal is an important step in our strategy to concentrate on the Nordic market going forward,” said TDC CEO Henrik Poulsen.
CVC has secured a SFr2.545bn (E1.868bn) financing package to support the transaction. Approximately 70% of the total transaction is being financed through debt, which is split between loans and bonds.
BNP Paribas, Deutsche Bank and UBS are acting as global coordinators and MLAs for the loans, with Societe Generale and Unicredit as MLAs and joint bookrunners.
For the bond offering, BNP Paribas and Deutsche Bank were global coordinators, while Societe Generale, UBS and Unicredit were joint bookrunners.
