Global private equity and venture capital news and research

Numericable PE-backers pick Rothschild to run Paris IPO

13 Jun 2013

news_tv3_lrgThe private equity backers of French cable television company Numericable have reportedly hired Rothschild to prepare for its expected IPO on the Paris stock exchange this year.

Cinven, Carlyle and Altice Group asked about ten banks to submit proposals for a potential listing earlier this year, and has now made its choice according to Reuters, which cited four sources with knowledge of the plan.

It said no bookrunners had been chosen to date, but three were likely to be picked in the next few weeks.

Numericable, together with its high-speed broadband unit Completel, could be worth €4bn to €5bn based on eight times its 2011 profits of €602m, according to earlier reports.

Cinven is looking to exit its stake in Numericable via the IPO, while Carlyle and Altice are expected to keep their stakes.

London-headquartered buyout house Cinven and US peer Warburg Pincus recently made an IRR of 25 per cent exiting Dutch cable company Ziggo.

Copyright © 2013 AltAssets

Legals & Terms of UsePrivacy Policy

AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: WeWork 4001, 1 Fore Street, London, EC2Y 5EJ
Content is © AltAssets 2000-2016