Carlyle and Providence considering Com Hem sale

A sale is likely to take place this year, however the process is in the very early stages and a banker has not yet been hired to oversee the process. It is believed that the private equity houses are looking at all possible exit routes, including a flotation. Although a value for the sale has not been suggested, if the recent disposal of Kabel by EQT is anything to go by (8.1x EBITDA), Com Hem could fetch a price tag of up to SEK 15bn.

Carlyle and Providence acquired Com Hem from EQT in 2006. In 2010 the company generated a turnover of SEK 4.322bn and EBITDA of SEK 1.854bn. The company is based in Stockholm and is a triple-play provider, offering cable-TV, broadband and telephone.

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