Investment Summary

The Blackstone Group, Apax, KKR, Permira and Providence Equity Partners Invest In TDC Group

On November 1, 2005, private equity firms The Blackstone Group, Apax, KKR, Permira and Providence Equity Partners invested in communications company TDC Group for 15.8B USD

Investment Highlights
  • This is The Blackstone Group’s 19th, Apax’s 8th, KKR’s 2nd, Permira’s 6th and Providence Equity Partners’ 10th transaction in the Communications sector.
  • This is The Blackstone Group’s 7th, Apax’s , KKR’s 4th, Permira’s 2nd and Providence Equity Partners’ largest (disclosed) transaction.
  • This is The Blackstone Group’s 1st, Apax’s 1st, KKR’s 1st, Permira’s 1st and Providence Equity Partners’ 1st transaction in Denmark.

Investment Summary

Date 2005-11-01
Target TDC Group
Sector Communications
Investor(s) The Blackstone Group
Apax
KKR
Permira
Providence Equity Partners
Deal Type PIPE
Deal Value 15.8B USD

Target

TDC Group

Copenhagen, Denmark
TDC Group is a provider of communications and entertainment solutions. TDC Group has become two companies, each with its own core areas, which work towards a digital future, TDC NET delivers the best mobile network and the fastest fixed-line connections – and represents Denmark’s digital future with a roll-out of fiber and 5G. Nuuday is the leading service provider of digital services within TV, broadband, network, and telephony for private customers and businesses and consists of nine-strong brands.

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Investor(S) 5

Investor

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.


DEAL STATS #
Overall 88 of 335
Sector (Communications) 19 of 25
Type (PIPE) 3 of 12
Country (Denmark) 1 of 1
Year (2005) 9 of 11
Size (of disclosed) 7 of 171
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-12 Team Health

Knoxville, Tennessee, United States

Team Health is a provider of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers in the United States. Team Health was formed in 1979 and is based in Knoxville, Tennessee.

Buy $1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-21 Orangina

Amsterdam, Netherlands

Orangina is a fruit-based soft drinks business that markets, bottles, distributes and franchises a number of carbonated and other soft drinks. Orangina was founded in 1936 and is based in Amsterdam, Netherlands.

Buy £1.3B
Investor

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 87 of 261
Sector (Communications) 8 of 14
Type (PIPE) 1 of 8
Country (Denmark) 1 of 1
Year (2005) 15 of 18
Size (of disclosed) 1 of 53
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-20 Frans Bonhomme

Joué lès Tours, France

Frans Bonhomme is a provider in the distribution of plastic pipes and fittings. Frans Bonhomme was founded in 1935 and is based in Joué lès Tours, France.

Sell €893M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-07 Solstas Lab Partners

Greensboro, North Carolina, United States

Solstas Lab Partners LLC (Fomerly Spectrum Laboratory Network) is a leading regional provider of clinical laboratory and disease screening services. The Company is headquartered in Greensboro, North Carolina, and covers the Southeastern U.S., providing hospital quality testing to over 10,000 physicians, 11 hospitals, nursing homes, home health, clinics, urgent care facilities, and other businesses and industries.

Buy -
Investor

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 36 of 483
Sector (Communications) 2 of 20
Type (PIPE) 3 of 15
Country (Denmark) 1 of 2
Year (2005) 6 of 8
Size (of disclosed) 4 of 104
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-03 Texas Genco Holdings

Houston, Texas, United States

Texas Genco Holdings, Inc., based in Houston, Texas, is an electric power generating company with over 14,000 megawatts of generation capacity. It sells electric generation capacity, energy and ancillary services in one of the nation's largest power markets, the Electric Reliability Council of Texas (ERCOT). Texas Genco has one of the most diversified generation portfolios in Texas, using natural gas, oil, coal, lignite, and uranium fuels. The company owns and operates 60 generating units at 11 electric power-generating facilities and owns a 30.8 percent interest in a nuclear generating plant.

Sell $5.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-14 FL Selenia

Villastellone, TO, Italy

FL Selenia is a leading player in the development, manufacture and sale of lubricants and functional fluids for passenger, commercial and agricultural vehicles, and for industrial applications.

Buy $835M
Investor

Permira

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 75.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.


DEAL STATS #
Overall 50 of 159
Sector (Communications) 6 of 7
Type (PIPE) 1 of 2
Country (Denmark) 1 of 1
Year (2005) 5 of 5
Size (of disclosed) 2 of 61
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-09 The Gala Group

Nottingham, United Kingdom

The Gala Group is a provider of bingo and casino operations in the UK.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Rekeep

Zola Predosa (BO), Italy

Rekeep provides integrated facility management services in Italy and internationally. Rekeep was founded in 2003 and is based in Zola Predosa (Bo), Italy.

Sell -
Investor

Providence Equity Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.


DEAL STATS #
Overall 29 of 135
Sector (Communications) 10 of 20
Type (PIPE) 2 of 2
Country (Denmark) 1 of 1
Year (2005) 5 of 7
Size (of disclosed) 1 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-30 PanAmSat

New York, New York, United States

PanAmSat Corp. is a premiere global provider of fixed satellite services to video, data networking and government customers.

Sell $3.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-04 Grupo Corporativo ONO S.A.

Madrid, Spain

Grupo Corporativo ONO S.A. is a broadband service provider. It offers direct access telephony, pay television and internet access services to the residential market where, ONO offers advanced voice, data and value-added services across its own high capacity local access and national backbone networks.

Buy €2.3B