M&A Deal Summary

EQT Acquires Com Hem AB

On April 23, 2003, private equity firm EQT acquired communications company Com Hem AB from Telia for 2.2B SEK

Acquisition Highlights
  • This is EQT’s 1st transaction in the Communications sector.
  • This is EQT’s 37th largest (disclosed) transaction.
  • This is EQT’s 15th transaction in Sweden.
Investment Fate
  • Com Hem AB was sold to a consortium of financial buyers in 2005 for 1.2B EUR.
  • Com Hem AB was sold to a consortium of financial buyers in 2011 for 2.6B USD.
  • Com Hem AB was sold to a publicly-traded strategic buyer in 2017 for 3.7B SEK.

M&A Deal Summary
Date 2003-04-23
Target Com Hem AB
Sector Communications
Buyer(s) EQT
Sellers(s) Telia
Deal Type Divestiture
Deal Value 2.2B SEK

Target

Com Hem AB

Stockholm, Sweden
website
Com Hem offers broadband, TV, play and telephony services to Swedish households and companies. The company plays an important role in Sweden’s ongoing digitalisation push, with its powerful and future-proofed broadband network that covers half of the country’s households, reaching approximately 1.5 million customers.

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Buyer(S) 1

Buyer

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1994
PE ASSETS 50.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.

DEAL STATS #
Overall 31 of 289
Sector (Communications) 1 of 14
Type (Divestiture) 13 of 48
Country (Sweden) 15 of 53
Year (2003) 1 of 4
Size (of disclosed) 37 of 42
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-02-01 Nordic Info Group AS

Silkeborg, Denmark

Nordic Info Group consisted of three leading companies active within credit and business information services in Denmark and Norway.

Sell kr.1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-05-01 Stenqvist Holding AB

Sweden

Stenqvist is the European market leader in paper carrier bags. The company is also the clear market leader in the Nordic region in plastic bags, paper carrier bags and paper bags. Stenqvist operates seven manufacturing facilities and has approximately 700 staff in the Nordic region, Poland and Austria

Sell -

Seller(S) 1

SELLER

Telia

Solna, Sweden

website

Category Company
Founded 1853
Sector Communications
Employees19,967
Revenue 89.2B SEK (2020)
DESCRIPTION
Entrance to TeliaSonera's corporate headquarters in central Stockholm.
Entrance to TeliaSonera's corporate headquarters in central Stockholm.

Telia provides network access and telecommunication services that help people and companies communicate in an easy, efficient and environmentally friendly way. Telia was founded in 1853 and is based in Solna, Sweden.

DEAL STATS #
Overall 3 of 4
Sector (Communications) 2 of 3
Type (Divestiture) 3 of 4
Country (Sweden) 2 of 2
Year (2003) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-12-20 Eircell

Dublin, Ireland

Eircell Ltd. is a provider of mobile communications services in Ireland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-14 Xfera Móviles SA

Alcobendas, Spain

Xfera Móviles, S.A. is a mobile company that specializes in the third-generation mobile phone market.

Buy -
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