Apax Partners acquistion of Cabovisão and ONI

20/1/2016
Private acquisition

€ 150 million

$ 159.685 million

Completed

20/1/2016


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 

Jurisdictions:

France
Netherlands
Portugal

Deal type:

Private acquisition

Practice area:

M&A

Industry sector:

Technology and telecommunications


Firms:

Party: Apax Partners (Acquirer)


Party: Altice (Seller)


Party: Altice (Seller)


Party: Apax Partners (Acquirer)


Party: Goldman Sachs (Arranger)



Party: Apax Partners (Acquirer)