Apax and Trilantic bids for Euskaltel stall

The elections will be held in late October and could result in a victory for either Partido Nacionalista Vasco or nationalist coalition Bildu, which could change negotiation terms since the local government owns 7.5% of Euskaltel.

Private equity firms were reported to be circling the firm in July this year, shortly after the Spanish courts ordered Euskaltel to pay Orange España €222m in damages following a dispute regarding a joint venture. The company was thought to be seeking private equity investment to help with repayments.

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• Topics
• Southern Europe
• Apax Partners
• Spain
• Trilantic Capital Partners (previously LBMB)