The unusual IPO story of Ziggo has presented yet another boost to its private equity backers as overwhelming investor demand accelerated yesterday’s share offering from a planned 18 million to 29 million ordinary shares - trading at a premium of 34%. The latest sale brings backers Warburg Pincus and Cinven returns of more than 4x and 2.7x respectively, according to sources close to the situation.
EMZ recently opened its first international office in Munich, headed by partner Klaus Maurer
Fund deploys tickets of €1-5m in seed and series-A rounds to support European B2B SaaS startups
French GP is planning to take exclusive control of the fire safety specialist
Insight, Deutsche Telekom Capital Partners, Capnamic and Iris Capital also participate