FRANKFURT (Reuters) - Liberty Global (LBTYA.O), the international cable operator controlled by U.S. cable pioneer John Malone, has agreed to buy Germany's Unitymedia from a private equity group for $5.2 billion, its first German buy. The sale by a shareholder group led by BC Partners and Apollo comprises $3 billion in equity and $2.2 billion in debt, and is the largest private-equity exit in Europe this year. The private-equity group bought Unitymedia for 1.5 billion euros ($2.2 billion) in 2003. Unitymedia is Germany's second-biggest cable network after Kabel Deutschland, with 4.5 million subscribers in a region covering 10 of the country's 20 biggest cities, including Cologne, Duesseldorf and Frankfurt.
2 min read · 13 November 2009
1 min read · 13 November 2009
1 min read · 13 November 2009
1 min read · 13 November 2009
3 min read · 13 November 2009
Eric Speer has joined specialty finance company Wellington Financial, as head of transaction sourcing and business development activities in the Western U.S. He previously was with venture debt lenderVencore Capital.
2 min read · 13 November 2009
2 min read · 12 November 2009
2 min read · 12 November 2009
3 min read · 12 November 2009
Harry Sachinis has joined Advent International as an operating partner, with a particular focus on the publishing and information services sectors. He previously was president of The McGraw-Hill Companies’ business information group.
3 min read · 12 November 2009
