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Announced

Completed

Morgan Stanley completed the acquisition of Tele Columbus for $488m.

Financials

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Transaction Value£350m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales3x
EV/EBITDA1.94x
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Majority

Telecommunications Equipment

Single Bidder

Germany

Friendly

fibre network

Cross Border

Tender Offer

Public

Private Equity

Privatisation

Completed

Synopsis

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Morgan Stanley Infrastructure Partners completed the acquisition of Tele Columbus, a cable provider in Germany, for $488m. United Internet, the top shareholder in the target agreed to divest its 29% stake for a stake in the MSIF. Rocket Internet, a European Internet company and 13% shareholder said it would support the transaction. “We support the Fiber Champion strategy and the management of Tele Columbus and are pleased that we can provide the funds for the implementation of the strategy and further fiber optic expansion. We see our participation as a long-term investment and will accompany Tele Columbus as an independent company in the future,” Christoph Oppenauer, Morgan Stanley Infrastructure Partners Executive Director. On September 8, 2021, Morgan Stanley exercised the right to delist the company.

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