Orange Switzerland sale underway

The unit could fetch up to €1.5-2bn, equivalent to around 5x EBITDA. It is currently being circled by Apax, Providence, EQT, Carlyle and BC Partners among others, according to media reports. The initial bids are understood to be non-binding.

If the sale to a PE firm was to materialise, it would stand out as one of the few sizeable LBOs likely to take place for the remainder of 2011 as lending conditions remain difficult. France Telecom is reportedly looking to arrange soft staple financing solutions with several banks, including Crédit Suisse, in order to sweeten the deal.

 

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• Topics
• DACH
• Buyouts
• Technology
• Switzerland
• Apax Partners
• Providence Equity Partners
• EQT
• Carlyle Group
• BC Partners
• Credit Suisse