Carlyle to sell off Casema

21 Apr 2006

Private equity group Caryle has authorised Goldman Sachs to conduct an auction of Dutch cable operator Casema, which is valued at EUR2 billion (USD2.46 billion), writes the Financial Times. The sale of the Netherlands’ third largest cableco is expected to attract interest from Liberty Media International which lost out in the original sale of Casema. Last year Liberty acquired the Swiss cable firm Cablecom from Apollo Management, TowerBrook Capital Partners and Goldman Sachs for USD2.2 billion and is keen to make further acquisitions. Warburg Pincus, owner of Dutch cable rival MultiKabel, is also tipped to request the sales memorandum.

Netherlands