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United Internet to sell stake in business applications division to Warburg Pincus, puts IPO plans on ice

Connectivity BusinessbyConnectivity Business
November 8, 2016
in Investments, Space Services, Strategy and Markets
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German ISP United Internet has agreed to sell a 33.33% stake in its business applications division to private equity firm Warburg Pincus in a deal valuing the unit at €2.55bn (US$2.82bn), but delaying its planned IPO beyond 2017. The strategic partnership will see Warburg managing director René Obermann, a former CEO of Deutsche Telekom, join the supervisory […]

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Tags: CinvenDeutsche BankDeutsche TelekomEQT PartnersEuropeGoDaddyHost Europe Group (HEG)PermiraPremiumProvidence Equity PartnersTele ColumbusTF250United InternetWarburg PincusZiggo
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