Ratos acquires Stofa
Ratos is set to acquire Stofa from TeliaSonera for a purchase price of DKK 1090 million.
Stofa is a Danish operator of broadband, cable TV and telephony. The company was founded in 1959 and acquired by Telia in 1995. Stofa is the second-largest supplier of cable TV and the fourth-largest broadband provider in Denmark, with 470 employees and total sales of DKK 1024 million in 2009.
Ratos will own 100 percent of the company following the transaction. The enterprise value for the acquisition is DKK 1090 million, of which Ratos will provide equity of approximately DKK 528 million.
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| Fund | Ratos |
| Portfolio Company | Stofa |
| Date of Transaction | 2010-07-08 |
| Transaction | Acquisition |
| Seller | TeliaSonera |
| Buyer | |
| Size of Transaction | DKK 1,090.0m |
| Ind. Focus | ICT |
| Geography | Denmark |
| Stage | Small/mid-cap buyout |