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BC Partners, EQT to bid for Norway cable business Get

1 Sep 2014

gamers-room-999218-mBuyout firms BC Partners and EQT are reportedly vying for the chance to purchase Norway cable operator Get ahead of a planned IPO.

The company said it expects to receive binding offers from the two firms as well as from Denmark telecommunications company TDC in a deal that could value the company at €1.4bn, according to Reuters citing sources familiar with the situation.

BC and EQT are reportedly set to make their offers ahead of a September 11 deadline.

Get is currently owned by the private equity arm of Goldman Sachs and investment firm Quadrangle, who reportedly hired advisors for a possible stock market floatation of Get after summer.

GS Capital Partners and Quadrangle bought Get, Norway’s second largest cable operator, from private equity firm Candover for just over $1bn including debt in November 2007.

Earlier this year BC Partners-owned Swedish telecoms cable operator Com Hem revealed its plans to raise about SEK5.5bn ($835m) through IPO.

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