Apax Global to invest EUR22 million in T-Mobile Netherlands deal

(Alliance News) - Apax Global Alpha Ltd on Wednesday noted that its limited partner Apax X Fund ...

Alliance News 8 September, 2021 | 9:23AM
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(Alliance News) - Apax Global Alpha Ltd on Wednesday noted that its limited partner Apax X Fund has partnered with Warburg Pincus LLC to acquire T-Mobile Netherlands Holding BV for EUR5.1 billion in total.

Apax Global Alpha is closed-ended investment company giving investors access to Apax funds.

Bonn-based telecommunications group Deutsche Telekom AG owns 75% of T-Mobile Netherlands, while Tele2 AB owns the rest.

As part of this transaction, Apax Global Alpha is expected to invest around EUR22 million in T-Mobile on a look through basis.

Shares in Apax Global Alpha were 0.5% lower at 216.00 pence on Wednesday in London.

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Apax Global Alpha Ord 216.50 GBX 2.61
Deutsche Telekom AG 16.38 EUR 0.60

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