Tele Columbus €608 million acquisition of Pepcom

Overview:

• Tele Columbus acquired Pepcom for €505 million from Star Capital in a deal which saw Germany's third and fourth largest cable television operators combine.
• In addition to the fee, the deal involved Tele Columbus assuming around €100 million of Pepcom's debt. 
• The listed acquirer financed the deal with bank debt and a €240 million capital increase. 
• The loan was a €320 million senior incremental facility. 
• Goldman Sachs, JPMorgan and BNP Paribas provided the financing and were underwriters on the IPO.
• Telecom went public in 2015.
• The deal was the second large acquisition Tele Columbus made in 2015, having already acquired another rival PrimaCom Holding for €711 million. 

Ben Naylor - Regional Editor