The Carlyle Group closes EUR1.1bn mega deal

The Carlyle Group has completed the EUR1.1bn deal for a 37.8% stake in telecommunications companies Numericable and Completel. Carlyle acquired the shares from Altice and Cinven, both of which have retained approximately a 30% stake.

Numericable operates high speed networks delivering telephone, internet and high definition television to households. Completel offers differentiated services to corporate costumers through a large metropolitan fiber access network. Their aggregate enterprise value is EUR6.5bn.

The equity investment is the largest ever made by a single private equity firm in France.

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