Radar > 242635

Brookfield and KKR could bid for Telxius

Brookfield y KKR podrían pujar por Telxius

Intel ID : 242635
Synopsis

Brookfield Asset Management (TSX:BAM. A, NYSE:BAM, Euronext Amsterdam:BAMA), a Canada-based investment fund, and KKR (NYSE: KR), a US-based private equity firm, could buy minority stakes in Telxius, a subsidiary of Telefónica (BME:TEF), reported Expansión on 18 November, 2016, citing Telefónica Managing Director of Finance and Strategy Ángel Vilá.

Telxius canceled its IPO last 29 September (see related transaction) and Vilá insured Telefónica won't divest more than 50% of the equity.

The transaction is part of a new company strategy which justifies asset sales only if the deal has a strategic purpose and not to reduce the debt.
(content in spanish)

Brookfield Asset Management (TSX: BAM.A, NYSE: BAM, Euronext Amsterdam: BAMA), fondo de inversión con sede en Canadá, y KKR (NYSE: KKR), firma de private equity estadounidense, estudian comprar paquetes minoritarios de Telxius, filial de infraestructuras de telecomunicaciones de Telefónica (BME:TEF), según ha informado Expansión el 18 de noviembre de 2016, citando al director general de finanzas y estrategia de Telefónica, Ángel Vilá.

Telxius abortó su salida a Bolsa el pasado 29 de septiembre (ver transacción relacionada) y Vilá ha asegurado que Telefónica no tiene planes para desinvertir más del 50% del capital.

Esta operación se enmarca dentro del cambio estratégico de la compañía que justifica la venta de activos sólo si la operación tiene un fin estratégico y no para reducir la deuda.

Bidder

KKR
United States

Target

Seller


Intel ID 242635
Value ND
Native Currency Euro (EUR)
Financial Data - Telxius
(31 Dec 2022)
Revenue: EUR 425,63m
EBITDA: EUR 217,75m
Net Debt: EUR 5.681,53m
People: 327
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.01 Asset Management
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Bidder

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.09 Private Equity
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Target

Name
verified
Subsector (Old TTR Sectors)
Technology and Telecoms / Telecoms (Primary)
Primary Sector (TTRSC)
60.02.99 Other Telecommunications & Networking Services
60 Telecommunications / 60.02 Telecommunications & Networking Services

Country
Description

Seller

Name
verified
Subsector (Old TTR Sectors)
Technology and Telecoms / Telecoms (Primary)
Primary Sector (TTRSC)
60.02.01 Integrated Communication Services
60 Telecommunications / 60.02 Telecommunications & Networking Services

Country
Website
Description

Radar

Date Title Type Intel Grade Country Subsector  

Mergers & Acquisitions

Date Target Country Buyer Seller VALUE (EURm) Subsector    

Equity Capital Markets

Date Issuer/Buyer Type Country VALUE (EURm) Subsector    

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.