An IPO of Swedish cableco Com Hem set to net around US$1bn for its private equity owner BC Partners could reportedly come as early as next week.
The listing would value the group at roughly US$3bn and will involve the sale of new and existing shares,…
An IPO of Swedish cableco Com Hem set to net around US$1bn for its private equity owner BC Partners could reportedly come as early as next week.
The listing would value the group at roughly US$3bn and will involve the sale of new and existing shares, reported Bloomberg citing two people with knowledge of the matter.
JP Morgan, Morgan Stanley and Nordea are thought to be managing the sale, and it is understood that Rothschild was hired earlier for independent IPO advice.
BC Partners declined to comment.
The move comes as cableco Get’s private equity owners in nearby Norway consider a sale or IPO of the asset amidst a wave of M&A activity in the cable sector.
A sale of Get could reportedly fetch as much as NKr 7.7bn (US$1.3bn).
British mobile giant Vodafone agreed in March to buy Spanish cableco Ono for €7.2bn (US$10bn). Multinational telco Altice, which owns Com Hem’s French peer Numericable, raised €1.3bn (US$1.76bn) from its IPO in January.
