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BC-backed cable business Com Hem eyes $835m from IPO

23 May 2014

news_television2.lrgBC Partners-owned Swedish telecoms cable operator Com Hem has revealed it plans to raise about SEK5.5bn ($835m) through its upcoming IPO.

The buyout house could sell some of its shares through the offering, which will be used to pay down debt according to a statement from Com Hem.

BC picked banks to run the listing two months ago, and was hoping the company would be valued at more than $3.1bn, Reuters said at the time.

BC Partners had reportedly held preliminary talks with Com Hem management at the start of the year.

The firm bought Com Hem in a $2.6bn deal from Carlyle and Providence Equity Partners in 2011.

Com Hem is Sweden’s largest cable telephone operator, providing analog and digital television, broadband internet and telephone services to the country.

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