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Candover to sell Get to Quadrangle and GSCP-led group in NOK5.8bn deal

20 Nov 2007

European buy-out firm Candover has agreed to sell Norwegian cable TV operator Get to a syndicate of investors led by Quadrangle Capital Partners and GS Capital Partners for NOK5.8bn ($1.07bn). The deal is Candover's first exit from its €3.5bn Candover 2005 Fund, representing a multiple of 2.2 times the original investment, generating an IRR of around 50 per cent, according to the firm.

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