Private equity firms Cinven, Carlyle and Altice are reportedly looking to merge two of their jointly-owned telco assets Numericable and Completel.
The firms may then look to list the combined business – which could be worth US$6.7 bn – before the…
Private equity firms Cinven, Carlyle and Altice are reportedly looking to merge two of their jointly-owned telco assets Numericable and Completel.
The firms may then look to list the combined business – which could be worth US$6.7 bn – before the end of the year, Reuters reported citing unnamed banking sources.
BNP Paribas, Deutsche Bank and JP Morgan have been mandated to unite the businesses and Numericable’s lenders have been contacted to get their consent for the operation, the report said.
Cinven declined to comment while none of the other parties involved were available for immediate comment before the press deadline.
Cinven and Altice bought cableco Numericable together in 2006, which operates in France, Belgium and Luxembourg. A year later they bought French enterprise-focused telco Completel. Carlyle bought into the businesses in 2008 by investing €1.1bn.
