Five private equity firms are preparing second round offers for Finnish mobile operator DNA before its next deadline in the first week of July, it is understood.
Apax, Bain Capital, BC Partners, EQT and Providence have made it to the next stage after…
Five private equity firms are preparing second round offers for Finnish mobile operator DNA before its next deadline in the first week of July, it is understood.
Apax, Bain Capital, BC Partners, EQT and Providence have made it to the next stage after Cinven and Nordic Capital pulled out, a source with direct knowledge of the situation confirmed.
Analysts have previously pointed to a limited appeal for strategic players because of the lack of cross-border synergies in the country.
UBS, which is running the sale, is thought to have put together a staple financing package worth around €1bn to alleviate any funding concerns. That figure represents five times the company’s 2012 EBITDA of €191m.
However, DNA’s owners – former regional telcos that became holding companies – are also considering an IPO.
It is understood that Finnish boutique firm Initia is also advising DNA’s owners.
