UNQUOTE

BSPE exits Tinet

  • Francinia Protti-Alvarez
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BS Private Equity (BSPE) has exited its 92% stake in IP transit and Ethernet company Tinet to US-based Neutral Tandem in a deal valued at approximately €82m.

Former parent company Tiscali expects to collect about €9.4m from the sale of its former unit Tinet to Neutral Tandem.

In February 2009, BSPE acquired a 92% stake in Tinet in a deal valued at €40m (enterprise value) in a management buyout. The balance was held by the management.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Susannah Birkwood on +44 20 7004 7524 or susannah.birkwood@incisivemedia.com

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