EQT sells Kabel BW to Liberty Global

Private equity firm EQT has sold 100% of German cable network provider Kabel BW to US media house Liberty Global for €3.16bn.

The vendor acquired Kabel BW in 2006 from Blackstone in a secondary buyout

Since then sales increased by 120% to €563m and EBITDA grew by 160% to €316m. The company has a reported EBITDA margin of 56%.

During the holding Kabel BW has invested over €600m in capex to establish its network in Europe and upgrade its services.

German GP first acquired the local IT services group in May 2019 via Auctus V, a 2019-vintage

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