DGAP-News: EQT Partners AB: Sale of Kabel BW approved by Antitrust Authorities
(firmenpresse) - DGAP-News: EQT Partners AB / Key word(s): Disposal/Private Equity
EQT Partners AB: Sale of Kabel BW approved by Antitrust Authorities
15.12.2011 / 17:39
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December 15, 2011
Sale of Kabel BW approved by Antitrust Authorities
On March 21, 2011, the EQT IV and EQT V funds announced that an agreement
was signed to sell German cable network provider Kabel BW to US media
company Liberty Global Inc. for an enterprise value of EUR 3,160 million.
The transaction was subject to clearance by German Antitrust Authorities
which was anticipated to take up to nine months.
The German Antitrust Authorities today formally announced its approval of
the sale of Kabel BW why the ownership will now be transferred to Liberty
Global Inc.
'Kabel BW is one of the most successful companies in the European cable
market, in terms of sales increase, profits, technology and services', said
Gunnar Asp, previously Chairman of Kabel BW's advisory board and Industrial
Advisor to EQT IV and EQT V in a press release distributed in connection
with the initial announcement in March. 'We have from the outset fostered
prosperous growth and developed the company as a benchmark for the sector.
We are very glad that Kabel BW will in the future be part of Liberty Global
Inc. which is one of the most innovative media groups worldwide and will
offer a fantastic environment for further expansion so that the
Baden-Württemberg customers will continue to benefit from the best services
around', concludes Gunnar Asp.
Contacts:
EQT IV and EQT V Spokesperson
Johan Hähnel, Communications&PR +46 8 506 55 334
About EQT
EQT is the leading private equity group in Northern Europe with close to
EUR 18 billion in raised capital and multiple investment strategies.
Together with a superior network of Industrial Advisors, EQT implements its
business concept by acquiring or financing high-quality medium-sized to
large companies in Northern and Eastern Europe, Asia and the United States,
developing them into leading companies. Development is achieved by applying
an industrial strategy with focus on growth. Since inception, EQT has
invested more than EUR 10.8 billion in around 100 companies and exited
close to 50. EQT-owned companies have more than 550,000 employees.
EQT Partners, acting as investment advisor to the managers of each EQT
fund, has around 120 investment professionals with an extensive industrial
and financial competence. EQT Partners has offices in Copenhagen,
Frankfurt, Helsinki, Hong Kong, Oslo, London, Munich, New York, Shanghai,
Singapore, Stockholm, Warsaw and Zurich.
More information can be found on www.eqt.se
End of financial news
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149981 15.12.2011
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