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Announced

Ferrymount, Provident Capital and Tiga to acquire a 5% stake in XL Axiata from Axiata for $101m.

Financials

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Transaction Value£73m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For5%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Friendly

Indonesia

telecommunications operator

Pending

Public

mobile telecommunications

Cross Border

Minority

Mobile

Acquisition

Synopsis

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Private equity firms Ferrymount, Provident Capital and Tiga to acquire a 5% stake in XL Axiata, an Indonesia-based mobile telecommunications services operator, from Axiata, a Malaysian multinational telecommunications conglomerate, for $101m. "The disposal facilitates the timely introduction of Indonesia-focused investors in XL who acknowledge the value and opportunities in the domestic telecommunications sector," Axiata.

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