Add-on Acquisition • Communications

Zegona Communications Acquires Telecable de Asturias S.A.U.

On July 27, 2015, Zegona Communications acquired communications company Telecable de Asturias S.A.U. from The Carlyle Group for 640M EUR

Acquisition Context
  • This is Zegona Communications’ 1st transaction in the Communications sector.
  • This is Zegona Communications’ 0th largest (disclosed) transaction.
  • This is Zegona Communications’ 1st transaction in Spain.
Investment Fate
  • Telecable de Asturias S.A.U. was divested to a consortium of strategic buyers in 2017 for 686M EUR.

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M&A Deal Summary

Date July 27, 2015
Target Telecable de Asturias S.A.U.
Sector Communications
Buyer(s) Zegona Communications
Sellers(s) The Carlyle Group
Deal Type Add-on Acquisition
Deal Value 640M EUR

Target Company

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.
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Buyer Overview 1

Buyer

Zegona Communications

London, United Kingdom

Category Company
Founded 2015
Sector Communications
Employees2,400
DESCRIPTION

Zegona Communications is an invester and operates businesses in the European Telecommunications, Media and Technology (TMT) sector. Zegona Communications was founded in 2015 and is based in London, United Kingdom.


Deal Context for Buyer #
Overall 1 of 1
Sector: Communications 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Spain 1 of 1
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.

Sell €686M

Seller Profile 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


Deal Context for Seller #
Overall 278 of 491
Sector: Communications 17 of 20
Type: Add-on Acquisition 121 of 204
Country: Spain 5 of 8
Year: 2015 11 of 24
Size (of disclosed) 47 of 139
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-27 ETG

Dar es Salaam, Tanzania

ETG owns and manages a vertically-integrated agriculture supply chain with operations in procurement, processing, warehousing, transportation, distribution and merchandising. ETG has more than 7,000 employees across 30 African countries and operates 30 processing plants and 300 warehouses. ETG connects African smallholder farmers to consumers around the world by procuring, processing and distributing agricultural commodities including maize, pulses, wheat, rice, cashew nuts, soya, fertilizer, sugar, coffee and tea.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-30 Ubox

Beijing, China

Ubox manufactures vending machines and owns a national vending machine network in China.

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