Private equity groups circle KCom

4 Oct 2007

According to rumours circulating on the internet this morning, private equity groups are sniffing around the KCom Group, the Hull-based fixed line telco formerly known as Kingston Communications. According to the reports, KCom chief executive Malcolm Fallen has recently come under increasing shareholder pressure to demerge the company’s Affiniti national IT and telecoms consultancy arm from its traditional telephony business. Kingston appeared on private equity’s radar a couple of years ago when Carlyle Group is understood to have bid GBP0.7 (USD1.4) a share. It walked away but could have had its appetite for a deal whetted again by the stock’s recent underperformance.

United Kingdom, KCOM