BC Partners’ Com Hem looks to raise €626.6m in IPO
Swedish cable operator Com Hem Group, backed by BC Partners, has priced the shares for its IPO at SEK 44-62 each, with plans to raise up to €626.6m (SEK 5.6bn).
The company will sell between 91.4-128.9 million shares in its flotation. A listing on the Nasdaq OMX Stockholm is expected to take place on 17 June under the ticker "COMH".
The offering will give Com Hem a market cap of SEK 10-11.8bn (€1.1-1.3bn). BC is not selling any shares in the IPO.
Com Hem was acquired by BC in 2011, with the firm paying around €1.85bn to buy the business from Carlyle and Providence Equity Partners.
The two parties had acquired Com Hem in January 2006 for €1.49bn in a secondary buyout from EQT, which had paid €235m to buy the company back in June 2003, according to unquote" data.
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