MergerLinks - KKR failed to acquire Telecom Italia in a $37bn deal.

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New Deal

New Deal

Announced

21 Nov 2021

KKR failed to acquire Telecom Italia in a $37bn deal.

Synopsis

KKR, a global investment firm, failed to acquire Telecom Italia, a telecommunication company, in a $37bn deal. On January 12, 2022, Italy announced it wants to keep control of Telecom Italia's key assets in any KKR bid. On February 12, 2022, Telecom Italia announced its Board together with new CEO Pietro Labriola will discuss alternatives to KKR takeover on Monday February 14, 2022.

Principals

bidder

Kkr & Co

target

Telecom Italia

Show Details & Financials

Market Context

Salvatore Rossi

Chairman at KKR & CO

Massimiliano Ruggieri

Massimiliano Ruggieri

Managing Director, Head of EMEA Financial Sponsors and Italy IBD at Morgan Stanley

Mattia Caprioli

Partner, Co-Head of European Private Equity at KKR & CO

Dominique Cahu

Dominique Cahu

Managing Director, Co-Head EMEA Telecom & Media at Morgan Stanley

Diego Piacentini

Senior Advisor at KKR & CO

Alberto Signori

Managing Director at KKR & CO

Francesco Cardinali

Francesco Cardinali

Managing Director at JP Morgan

Carlo D’Asaro Biondo

Vice President at TELECOM ITALIA

Giovanni Roncato

CFO at TELECOM ITALIA

Pietro Labriola

CEO at TELECOM ITALIA

Macario Prieto

Managing Director, Head of TMT EMEA at Goldman Sachs

Gilberto Pozzi

Gilberto Pozzi

Co-Head of Global M&A at Goldman Sachs

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