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Announced

KKR, Providence and Cinven-backed MasMovil to acquire Euskaltel for €3.5bn.

Financials

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Transaction Value£3,019m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales5x
EV/EBITDA10.1x
Share Price Premium27%
One Off Charge-

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Friendly

telecommunications company

Acquisition

Pending

Public

Spain

Majority

Telecommunications Services: Other

Single Bidder

Private Equity

Domestic

Synopsis

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KKR, Providence and Cinven-backed MasMovil, a telecommunications operator in Spain, offered to acquire Euskaltel, a Spanish telecommunications company, for €3.5bn ($4.1bn). “MasMovil and Euskaltel together form a solid and complementary industrial project,” MasMovil. On July 12, 2021, Euskaltel's board recommended its shareholders accept the transaction.

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