TDC owners considering full exit

Reports suggest the consortium of owners is looking to sell their stake, either partially or entirely. Apax, Blackstone, KKR, Permira, and Providence took an 87.9% stake in the company in February 2006. The deal was valued at close to £7bn, making it the second largest European buyout to date - only surpassed by Alliance Boots in 2007.

The owners partially exited TDC in a December 2010 share buyback and public offering, reducing their stake to 58.5%. The company had an enterprise value at DKK 65bn.

TDC is currently trading at around DKK 45 per share, 12% below the public offering in 2010, at a market cap of DKK 36.75bn.

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• Topics
• Nordics
• Apax Partners
• Blackstone Group
• KKR
• Permira
• Providence Equity Partners