M&A Deal Summary

Apax and Warburg Pincus Acquire Odido

On September 7, 2021, private equity firms Apax and Warburg Pincus acquired communications company Odido 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 Odido
Sector Communications
Buyer(s) Apax
Warburg Pincus
Sellers(s) Deutsche Telekom
Tele2
Deal Type Divestiture
Deal Value 5.1B USD

Target

Odido

Den Haag, Netherlands
Odido 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. Odido 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

Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B 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 241 of 262
Sector (Communications) 14 of 14
Type (Divestiture) 24 of 27
Country (Netherlands) 9 of 9
Year (2021) 15 of 18
Size (of disclosed) 4 of 54
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
2021-09-15 ThoughtWorks

Chicago, Illinois, United States

ThoughtWorks is a global software consultancy and a community of passionate, purpose-led individuals. The company is a provider in the implementation of cutting-edge software development techniques such as Agile Development, which lower development costs and time-to-market for its clients. ThoughtWorks was established in 1993 and is based in Chicago, Illinois.

Sell -
Buyer

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B 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 445 of 482
Sector (Communications) 19 of 19
Type (Divestiture) 16 of 20
Country (Netherlands) 7 of 7
Year (2021) 12 of 18
Size (of disclosed) 4 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-20 CarTrade

Mumbai, India

CarTrade is an online automotive classifieds and auctions platform providing individuals and dealers a medium to buy and sell used cars as well as conduct research on new cars. CarTrade was founded in 2009 and is based in Mumbai, India.

Sell -
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
Category Company
Founded 1995
Sector Communications
Employees201,251
Revenue 111.3B EUR (2023)
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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-05 GlasfaserPlus

Cologne, Germany

GlasfaserPlus provides open-access optical fibre-to-the-home (FTTH) network in rural areas. GlasfaserPlus is based in Cologne, Germany.

Buy -
SELLER

Tele2

Kista, Sweden
Category Company
Founded 1993
Sector Communications
Employees4,485
Revenue 29.1B SEK (2023)
DESCRIPTION

Tele2 is a telecom operator that offers mobile telephony and data, fixed broadband, and fixed telephony services. Tele2 was founded in 1993 and is based in Kista, 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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