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Ratos nets bumper IRR in rapid Stofa flip

25 Oct 2012

Sweden-based buyout house Ratos has made a 55 per cent average annual IRR by selling Danish telecoms operator Stofa to Danish energy and telecom group SE, after holding the company for just two years.

The firm said it made a net exit gain of about SEK850m ($127m) through the  DKK1.9bn ($331m) deal for Stofa, which provides broadband, cable TV and telephone services to about 375,000 Danish households.

Ratos CEO Susanna Campbell said, “Stofa is a fine and well-invested company which we would have gladly owned for a few more years since we have not yet shown its full potential.

“The many measures and investments carried out are expected to provide good earnings development in the years ahead.

“But since our discussions with SE, which is a very logical buyer, have resulted in them wishing to buy at a price which takes the company’s position and prospects into account, we have agreed to sell.”

The sale comes two months after Ratos made an exit gain of $13m and an IRR of about 23 per cent from its investment in Lindab International after selling its remaining shares in the steel building parts maker to trade buyer Systemair.

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