M&A Deal Summary

Euskaltel Acquires R Cable y Telecomunicaciones Galicia S.A.

On July 27, 2015, Euskaltel acquired communications company R Cable y Telecomunicaciones Galicia S.A. from CVC Capital Partners for 1.2B EUR

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

M&A Deal Summary
Date 2015-07-27
Target R Cable y Telecomunicaciones Galicia S.A.
Sector Communications
Buyer(s) Euskaltel
Sellers(s) CVC Capital Partners
Deal Type Add-on Acquisition
Deal Value 1.2B EUR

Target

R Cable y Telecomunicaciones Galicia S.A.

Spain
R Cable y Telecomunicaciones Galicia, S.A. (dba Operador R) offers a range of high quality products, including fixed telephone lines, broadband, pay-TV.

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Buyer(S) 1

Buyer

Euskaltel

Derio, Spain
Category Company
Founded 1995
Sector Communications
Employees578
Revenue 678M EUR (2020)
DESCRIPTION

Euskaltel is the telecommunications provider and sole cable operator in the Basque Region of Spain. Euskaltel provides fixed-line, broadband and pay TV services to consumers and corporates, and mobile services as a Mobile Virtual Network Operator (MVNO). Euskaltel has a competitive advantage compared to other players in the region given its capability to offer high speed broadband services through its state-of-the-art fibre to-the-node network. Euskaltel was founded in 1995 and is based in Derio, Spain.

DEAL STATS #
Overall 1 of 2
Sector (Communications) 1 of 2
Type (Add-on Acquisition) 1 of 1
Country (Spain) 1 of 2
Year (2015) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-16 Telecable de Asturias S.A.U.

Gijon, Spain

Telecable de Asturias S.A.U. offers cable broadcasting and telecommunication services. It provides cable transmission, mobile and landline communication, and broadband services.

Buy €686M

Seller(S) 1

SELLER

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.

DEAL STATS #
Overall 118 of 172
Sector (Communications) 4 of 5
Type (Add-on Acquisition) 42 of 62
Country (Spain) 7 of 9
Year (2015) 7 of 9
Size (of disclosed) 17 of 53
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-23 PKP Energetyka

Warsaw, Poland

PKP Energetyka is a cross-country electricity distributor to the Polish railway network and to other customers. It also provides nationwide maintenance and emergency response services to the railway network, operates fuel stations for diesel locomotives and is active in electricity reselling. The company owns 20,000km of distribution network and operates a fleet of 100 highly specialized trains and rail equipment across Poland.

Buy zł2.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-16 Pilot Flying J

Knoxville, Tennessee, United States

Pilot Flying J owns and operates travel centers near interstate highways across the US. The large majority of the Company's locations are concentrated in the Midwest and Southeast of the US. Pilot Flying J was originally established in 1958 and is based in Knoxville, Tennessee.

Sell -
Mergr

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