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CVC seeks exit for Swiss mobile phone operator Sunrise

13 Dec 2013

Global private equity firm CVC Capital Partners is looking to exit Swiss mobile phone company Sunrise.

CVC acquired the company in 2010 for €2.4bn, and was originally thought to be planning to float the company, though this failed to transpire.

An exit could be through a strategic sale or public listing, Reuters said, a take place within the next 18 months. The company is valued at around CHF3.2bn, just under the CHF3.3bn that CVC paid in 2010.

The firm failed in its attempts to merge Sunrise with Orange Switzerland, and the move was vetoed by the Swiss Competition Commission.

CVC was recently said to be planning to sell off its remaining €600m stake in Belgian postal group BPost following the company’s successful IPO this summer.

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