EQT V acquires Eurocom and CableTel
EQT V has agreed to acquire Bulgaria’s two leading cable TV operators, Eurocom and CableTel, in order to merge the two entities.
EQT V is acquiring 100% of the shares in Eurocom from US-based private equity house Warburg Pincus and 70% of the shares in CableTel from Gene Phillips. CableTel’s other shareholder Ron Finley will remain minority shareholder by rolling over his 30% shareholding in CableTel into the merged company and investing further equity. The aggregate enterprise value of the two transactions amounts to more than EUR 200 million.
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| Fund | EQT V LP Argentum share 0.82% |
| Portfolio Company | Blizoo (PKA CableTel and Eurocom) |
| Date of Transaction | 2009-10-29 |
| Transaction | Acquisition |
| Seller | |
| Buyer | |
| Size of Transaction | EUR 200.0m |
| Ind. Focus | ICT |
| Geography | RoW |
| Stage | Large-cap buyout |