Apax Partners acquistion of Cabovisão and ONI

Overview:

• Private equity house Apax Partners completed the acquisition of Portuguese companies Cabovisão and ONI from Altice.
• Cabovisão is the country's second largest cable operator, and ONI is a B2B web hosting and cloud services provider
• The company was required to dispose of the two companies by the European Commission as part of its acquisition of Portugal Telecom. 
• Apax Partners acquired the companies for a combined fee thought to be in the region of €150 million.
• Cleary Gotlieb and Jones day advised on competition law issues. 

John Crabb - Journalist