EQT acquires DGC One in SEK 2.3bn take-private

The DGC board has recommended the approval of EQT's bid, which values shares in the company at SEK 250 apiece, representing a 59% premium on the SEK 157 price as of 5 June.

The proposed transaction comes four years after the GP acquired a 91% stake in Swedish fibre-based data communications provider IP-Only for SEK 680m, which will merge with DGC following the deal.

Capital for the transaction was drawn from EQT's Mid-Market Europe fund, which closed on its €1.6bn hard-cap in May 2017.

Company
Founded in 1987 and headquartered in Stockholm, DGC One is a telecommunications and internet service provider. According to publicly available documents, the company generated net sales of SEK 701.4m in 2016, with an operating profit of SEK 69.8m.

People
EQT – Johan Dettel (partner).
DGC One – Jörgen Qwist (managing director).

Advisers
Equity – JZ Capital Partners (corporate finance); Hannes Snellman (legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• Nordics
• Technology
• Sweden
• EQT
• Take Private