An IPO that could value Norwegian cableco Get at Nkr15bn (US$2.5bn) is reportedly gathering steam with four banks being mandated to run the process.
Goldman Sachs and Deutsche Bank are global coordinators and UBS and Barclays are bookrunners, reported…
An IPO that could value Norwegian cableco Get at Nkr15bn (US$2.5bn) is reportedly gathering steam with four banks being mandated to run the process.
Goldman Sachs and Deutsche Bank are global coordinators and UBS and Barclays are bookrunners, reported Reuters citing sources.
A listing on Oslo’s stock exchange, which is set to value the group at 11 times its expected 2015 EBITDA, is being planned for after the European summer and could come in September, added the report.
Get and its owners, the private equity arm of Goldman Sachs and investment firm Quadrangle, declined to comment.
Goldman Sachs Capital Partners and Quadrangle paid around US$1.1bn to buy Get in 2007 from private equity firm Candover, which bought the group just two years earlier from pan-European cableco UPC.
The speculation comes a week after Swedish cableco Com Hem confirmed its own plans to list on the NASDAQ OMS Stockholm exchange, with an aim to raise Skr5.5bn (US$833m) to cut debt and increase financial flexibility.
JP Morgan, Morgan Stanley and Nordea are joint global coordinators for the Swedish listing, with Rothschild acting as financial adviser. Carnegie is also a joint bookrunner.
