Providence Equity acquires Kabel Deutschland
The British investment firm Providence Equity is acquiring Kabel Deutschland, the largest cable network operator in Germany and Europe.
The Federal Cartel Office has given the green light for
the purchase of the Kabel Deutschland shares by the British
investment company Providence Equity. In December 2005
The company had reached an agreement with co-shareholders Apax Partners and
Goldman Sachs Capital Partners agreed to acquire their shares.
Providence Equity now owns around 95 percent of Kabel
Germany (KDG). The remaining shares remain with KDG management.
Kabel Deutschland supplies around 10 million TV households in Germany.
Germany in 13 federal states and is the largest cable network operator
in Germany and
Europe.
the purchase of the Kabel Deutschland shares by the British
investment company Providence Equity. In December 2005
The company had reached an agreement with co-shareholders Apax Partners and
Goldman Sachs Capital Partners agreed to acquire their shares.
Providence Equity now owns around 95 percent of Kabel
Germany (KDG). The remaining shares remain with KDG management.
Kabel Deutschland supplies around 10 million TV households in Germany.
Germany in 13 federal states and is the largest cable network operator
in Germany and
Europe.
