The sale of Sweden’s largest cable operator could be in doubt with Com Hem’s private equity owners now considering an IPO.
Dow Jones Newswires, which has followed the story, reports CVC Capital Partners and Nordic Capital both withdrew from the process last Thursday. This left just BC Partners and Cinven in the auction.
There are now concerns that the current crisis engulfing the Euro might derail the process.
Carlyle Group and Providence Equity Partners bought the Stockholm-based cable operator in January 2006 for around $1.2 billion. The 1.8 million-subscriber network reportedly has a pricetag of between SEK13 billion and SEK18 billion (€1.42 billion and €1.97 billion).
