Deal Diary

Welcome to Acquisition International’s Deal Diary, the place where we showcase exciting deals from across the globe. With each diary entry, we’ll be taking a comprehensive look at the inner workings of the deal in question and will be venturing behind the scenes to take a look at the dedicated professionals involved in ensuring its success.

Here you will discover the most active deal makers and a comprehensive catalogue of the transactions they have been involved with.

Tier 1: The Website - Go live worldwide within 24 hours!

Within 24 hours of booking, we'll upload your deal and company profile - including contact details and links to your homepage - right here on our site, putting you and your firm in front of
40,000 visitors every month!

You will, of course, get a full company bio, including your contact details and fully clickable links direct to your website, and to make sure the people who matter will be able to find every deal you and your firm have been involved in at the click of a button, all of the deals posted on the Deal Diary site are incredibly easy to search by firm name, individual name, sector or region. We even have an automatically updated deal leaderboard (right). 

Tier 2: The Newsletter - Direct to 108,000 subscribers!

Your involvement in the deal will be featured on our weekly Deal Round-Up newsletter,  published via email every Thursday to a global audience of  108,000. Your deal write-up will also include hyperlinked images and logos, taking readers straight to your homepage. That’s a potential 108,000 clicks every month!

Tier 3: The Publication - Sent to 108,000 people in 170 countries!

The deal and your involvement will appear in the Deal Diary section of our monthly magazine, distributed to 108,000 people in 170 countries around the world. This is where you can tell us all about the deal and how you made it happen, providing the perfect opportunity to shout about your firm’s experience, expertise and the great work you’ve been doing.

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Travers Smith Advises Brookfield's Acquisition of Center Parcs UK
August 6, 2015
Grant Thornton Advises Octopus Investment in Oxifree
August 6, 2015
Erste Group Advises Mid Europa Partners acquisition of Regina Maria from Advent International
August 6, 2015
Underwood & Co Advises Puma Investments' investment in Abbey Healthcare
August 6, 2015
Mercia Fund Management invests in NuVision
August 4, 2015
Maxim Facilities Management acquisition of CLT Services
August 4, 2015
Bellpenny acquisition of Trustee Asset Management
August 4, 2015
Technicolor acquisition of Cisco's connected devices
August 4, 2015
CFH Docmail Acquisition of BSS Scotmail
August 4, 2015
Bridgepoint Developement Capital acquisition of stake in MVF
August 4, 2015
KKR and Borealis Maritime acquisition of Hanseatic Ship Assest Management
August 4, 2015
Herkules Capital Acquisition of Shares in Linas Matkasse
August 4, 2015
APC Technology Group Acquisition of EEVS Insight Ltd
August 4, 2015
Iwoca Series-B led by by Acton Capital Partners
August 4, 2015
Privet Capital Acquisition of Aeroment from Black Diamond
August 4, 2015
Gloo Networks PLC IPO
August 4, 2015
Voltea Ltd Series B From Enviromental Technologies Fund
August 3, 2015
CVC Capital Partners Acquisition of PKP Energetyka
August 3, 2015
Zegona Acquisiton of Telecable
August 3, 2015
Tushington Sails Funding led by Mobeus Equity
August 3, 2015

Zegona Acquisiton of Telecable

Zegona, a company established to acquire and operate businesses in the European Telecommunications, Media and Technology sector, announces that it has reached agreement with global alternative asset manager, The Carlyle Group  and Liberbank, to acquire Telecable de Asturias S.A. the leading quad play telecommunications operator in Asturias, North West Spain, for an enterprise value of €640m.

Zegona will fund the acquisition with a combination of £251m of new equity, backed by global institutional investors, funds from Zegona's recent IPO and a new debt facility arranged by Goldman Sachs. The transaction is expected to close by mid- August 2015.

Commenting on the acquisition, Zegona Chief Executive Eamonn O'Hare said: "There is a significant opportunity to continue the impressive development of the Telecable business. By combining the local knowledge of the team in Spain with the international experience and track record of Zegona, we have the right leadership to drive Telecable forward and deliver its full potential."

"Telecable fits the bill in terms of our reasons for launching Zegona as it is a strategically strong business with considerable opportunity for top line growth and returns. It is also a regional champion underpinned by an extensive high speed fibre network. Our intention is to fully utilize the power of this network in order to differentiate ourselves and offer great value to customers. By leveraging our Virgin Media heritage, we will make Telecable a fierce competitor which delivers for customers and shareholders."

Alejandro Martínez Peón, CEO of Telecable added: "This is a landmark day for Telecable as we become part of a dynamic, expanding listed entity on the London Market supported by very experienced industry sponsors who have a strong track record of growth and value creation. Zegona has the right capital structure in place to continue our Company's growth and to cement our leadership position in the Spanish telecommunications market. After a period of continued growth supported by The Carlyle Group and Liberbank I firmly believe that this is the right step to reinforce Telecable's competitive position, bringing us a better future."

Alex Wagenberg, Managing Director at Carlyle Europe Partners said: "It has been a real pleasure to work with the team at Telecable and our partners at Liberbank over the past four years. Despite the challenging economic climate, we worked tirelessly with the superb management team. This ensured they delivered consistent year-on-year growth in terms of revenues, EBITDA, market penetration, while maintaining their technological and service leadership and minimal customer turnover. We also leveraged Carlyle's in-depth know-how and scale with regard to the telecommunications and cable sector which was a key factor in creating value for our investors and for the Company's continued success."

Goldman Sachs International acted as exclusive financial advisor to Telecable, The Carlyle Group & Liberbank.

J.P. Morgan Cazenove acted as joint bookrunner and joint broker, BNP Paribas acted as M&A financial adviser, Oakley Capital acted as joint bookrunner and Cenkos Securities was joint bookrunner and is Nominated Adviser and joint broker.

Goldman Sachs acted as bookrunner of the term loan facility which will be provided by the Merchant Banking Division of Goldman Sachs. BNP Paribas acted as bookrunner of the revolving credit facility and is agent of the debt facilities.  

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