Cinven Exits Ziggo, Realizes €329 million Gross Proceeds

Cinven, a European PE firm, said Friday it has sold its remaining stake in Ziggo and realized €329 million (US$428.4 million) of gross proceeds. Ziggo, which listed on NYSE Euronext in Amsterdam in March 2012, will have generated total proceeds of €1.7 billion for Cinven and a total money multiple of 2.8x. Ziggo is the largest cable operator in Netherlands.

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