UK-based private equity firm CVC has acquired TDC subsidiary Sunrise for Sfr3.3bn.
TelecomFinance understands that of this, 70%, or around SFr 2.5bn, was debt.
For the loans, global coordinators and MLAs are BNP Paribas, Deutsche Bank and UBS, with…
UK-based private equity firm CVC has acquired TDC subsidiary Sunrise for Sfr3.3bn.
TelecomFinance understands that of this, 70%, or around SFr 2.5bn, was debt.
For the loans, global coordinators and MLAs are BNP Paribas, Deutsche Bank and UBS, with Societe Generale and Unicredit as MLAs and joint bookrunners.
For the bonds, global coordinators were Deutsche Bank and BNP Paribas, with Societe Generale, UBS and Unicredit as joint bookrunners.
Deutsche Bank and BNP Paribas acted as M&A advisors to CVC Capital Partners, while Morgan Stanley and UBS acted as M&A advisors to TDC.
The deal is expected to complete in Q1, once approvals have been obtained from the Swiss competition and relevant regulatory authorities.
TDC, which owned Sunrise for 10 years, is now expected to list by the end of the year.
