M&A Deal Summary

Apax and Warburg Pincus Acquire T-Mobile Netherlands

On September 7, 2021, private equity firms Apax and Warburg Pincus acquired communications company T-Mobile Netherlands from Deutsche Telekom and Tele2 for 5.1B USD

Acquisition Highlights
  • This is Apax’s 14th and Warburg Pincus’ 19th transaction in the Communications sector.
  • This is Apax’s 4th and Warburg Pincus’ 4th largest (disclosed) transaction.
  • This is Apax’s 9th and Warburg Pincus’ 7th transaction in the Netherlands.

M&A Deal Summary
Date 2021-09-07
Target T-Mobile Netherlands
Sector Communications
Buyer(s) Apax
Warburg Pincus
Sellers(s) Deutsche Telekom
Tele2
Deal Type Divestiture
Deal Value 5.1B USD

Target

T-Mobile Netherlands

Den Haag, Netherlands
website
T-Mobile Netherlands is a telecom provider for consumers and businesses With the brands T-Mobile, Tele2, Simpel and Ben, customers have access to interactive TV, mobile and fixed internet and calling. T-Mobile Netherlands was founded in 1999 and is based in Den Haag, Netherlands.

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Buyer(S) 2

Buyer

Apax

London, United Kingdom

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1981
PE ASSETS 60.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from €1 to €5 billion. Apax Partners was formed in 1981 and is based in London.

DEAL STATS #
Overall 236 of 241
Sector (Communications) 14 of 14
Type (Divestiture) 25 of 26
Country (Netherlands) 9 of 9
Year (2021) 14 of 16
Size (of disclosed) 4 of 53
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 Wizeline

San Francisco, California, United States

Wizeline, a global technology services provider, builds high-quality digital products and platforms that accelerate time to market. The company focuses on measurable outcomes, partnering with customers to modernize core technologies, mature data-driven capabilities, and improve user experience. Wizeline's adaptive teams provide the right combination of solutions, capabilities, and methodologies to deliver results, while partnering with customers’ teams to foster innovation through continuous learning. Its diverse culture of innovation, ownership, and community, combined with the Academy, creates an inspiring environment for talent to build long-term careers. Wizeline is headquartered in San Francisco with offices in Guadalajara and Mexico City, Mexico, as well as in Ho Chi Minh City, Vietnam. Wizeline was founded in 2014 and is based in San Francisco, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-06 Eating Recovery Center

Denver, Colorado, United States

Eating Recovery Center is a behavioral health provider specializing in the treatment of eating disorders. Eating Recovery Center was founded in 2007 and is based in Denver, Colorado.

Buy -
Buyer

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1966
PE ASSETS 89.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.

DEAL STATS #
Overall 418 of 435
Sector (Communications) 19 of 19
Type (Divestiture) 15 of 17
Country (Netherlands) 7 of 7
Year (2021) 11 of 17
Size (of disclosed) 4 of 49
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-29 Velvet Energy

Calgary, Alberta, Canada

Velvet Energy is an exploration and production company focused on acquiring, exploring for and developing oil and liquids-rich natural gas assets in the Western Canadian Sedimentary Basin. Velvet Energy was founded in 2011 and is based in Calgary, Alberta.

Sell CA$743M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-22 Advance Intelligence Group

Singapore, Singapore

Advance Intelligence Group provides AI-based digital identity verification, risk products and omni-channel merchant services solutions to banks, financial services, fintech, retail and ecommerce industries. Advance Intelligence Group was founded in 2016 and is based in Singapore.

Buy -

Seller(S) 2

SELLER

Deutsche Telekom

Bonn, Germany

website

Category Company
Founded 1995
Sector Communications
Employees221,909
Revenue 108.5B EUR (2021)
DESCRIPTION

Deutsche Telekom is a German telephone company. Through its three main divisions, T-Com, T-Mobile and T-Systems, Deutsche Telekom offers a range of fixed-line, mobile and Internet access services. Deutsche Telekom was founded in 1995 and is based in Bonn, Germany.

DEAL STATS #
Overall 8 of 8
Sector (Communications) 4 of 4
Type (Divestiture) 5 of 5
Country (Netherlands) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-02 Deutsche Telekom AG - Tolino Ecosystem

Bonn, Germany

Deutsche Telekom AG - Tolino Ecosystem is an e-reader platform technology.

Sell -
SELLER

Tele2

Stockholm, Sweden

website

Category Company
Founded 1993
Sector Communications
Employees4,528
Revenue 26.6B SEK (2020)
DESCRIPTION

Tele2 a Europe’s fastest growing telecom operators, always providing customers what they need for less. At last count, we had 15 million customers in 10 countries. Tele2 was founded in 1993 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 3 of 3
Sector (Communications) 3 of 3
Type (Divestiture) 3 of 3
Country (Netherlands) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-31 Tele2 AB - Croatian business

Stockholm, Sweden

Tele2 AB's Croatian business is a provider of communication services in Stockholm, Sweden.

Sell €220M
Mergr

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