The owners of Kabel Deutschland, Europe’s largest cable network provider, plan to sell off part of the group in a deal that could value the company at about €2.5bn ($3.5bn) and become one of Germany’s biggest IPOs in three years, reports the WSJ. The IPO roadshow started Monday, although the price range will only be known later this week, said Kabel Deutschland. The current stakeholders – primarily buy-out firm Providence Equity, with 88% – are seeking an equity valuation of €2.5bn, while the company’s net debt stood at almost €3bn as of Dec 31.

This entry was posted by Gwen Robinson on Tuesday, March 9th, 2010 at 5:11 and is featured in The 6am Cut London (9 Mar 2010) . Tagged with Kabel Deutschland, Providence Equity. Edit this entry.