PE-backed Primacom to take over rival for €600m

Primacom's managing director Wolf Waschkuhn told Reuters that Primacom had placed bids for Tele Columbus as well as Deutsche Telekabel.

Berlin-based Tele Columbus is said to have €570m debt. The German cable network was acquired by hedge funds including York Capital, Anchorage and GoldenTree after undergoing a financial restructuring, according to Reuters.

Tele Columbus was previously circled by Kabel Deutschland, before the company's takeover was blocked by the German competition watchdog.

Primacom was first acquired by private equity firms Apax Partners and Advent International in 1995, according to unquote" data. Four years later, the company was jointly listed on the German Neuer Markt and Nasdaq for €525.38m.

Primacom's current backers, Alcentra and Avenue, were not available for comment at the time of writing. 

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• DACH
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