M&A Deal Summary

Chequers Capital Acquires Versatel Kabel

On June 29, 2010, private equity firm Chequers Capital acquired communications company Versatel Kabel from Versatel AG for 66M EUR

Acquisition Highlights
  • This is Chequers Capital’s 1st transaction in the Communications sector.
  • This is Chequers Capital’s 0th largest (disclosed) transaction.
  • This is Chequers Capital’s 1st transaction in Germany.

M&A Deal Summary
Date 2010-06-29
Target Versatel Kabel
Sector Communications
Buyer(s) Chequers Capital
Sellers(s) Versatel AG
Deal Type Divestiture
Deal Value 66M EUR

Target

Versatel Kabel

Berlin, Germany
Versatel Kabel is a major German network-level 4 operator with a significant share of its own network-level 3 infrastructure, which currently serves more than 180,000 households with TV, Internet and telephone services. For more than 30 years, Versatel Kabel, as well as its predecessor companies, has provided extensive media and communication services and is an established partner for large housing associations.

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Buyer(S) 1

Buyer

Chequers Capital

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1972
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Chequers Capital is a private equity group focused on acquiring and developing small, medium and large-sized companies in partnership with management. Chequers primarily seeks opportunities in France, Germany, Italy, Benelux, Switzerland and Spain. The Firm looks to commit €40 to €150 million per investment in transactions valued between €80 and €500 million. Sectors of interest broadly include all areas of industrial, distribution, and services. Target transaction situations include turnarounds, recapitalizations, buyouts, and divestitures. Chequers Capital was formed in 1972 and is based in Paris.

DEAL STATS #
Overall 7 of 38
Sector (Communications) 1 of 2
Type (Divestiture) 1 of 4
Country (Germany) 1 of 7
Year (2010) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-01 Groupe Bio7

Lisses, France

Groupe Bio7 is one of the major multi-location clinical pathology groups in France. With 70 laboratories, the Group has a very strong presence in the Île-de-France region. Since 2016, Bio7 has extended its presence across the rest of France, notably in the Indre-et-Loire and Oise regions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-02 Thermocoax

Suresnes, France

Thermocoax is a manufacturer of customised thermal solutions and temperature measurement systems based on mineral insulated cable technology. Thermocoax was founded in 1957 and is based in Suresnes, France.

Buy -

Seller(S) 1

SELLER

Versatel AG

Berlin, Germany
Category Company
Sector Communications
Employees967
DESCRIPTION

Versatel AG is a provider of infrastructure based telecommunications services in the German market.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
Country (Germany) 1 of 1
Year (2010) 1 of 1
Mergr

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