CVC Capital wraps up Sunrise acquisition

29 Oct 2010

UK private equity firm CVC Capital Partners has confirmed that it has finalised its CHF3.3 billion (USD3.36 billion) takeover of Swiss telecom operator Sunrise Communications from Danish telco TDC, having received all necessary approvals. The deal has been cleared by the Swiss Competition Commission, the Federal Office of Communications and the Federal Communications Commission (ComCom) in Switzerland. TDC said the completion of the divestment is part of its plan to focus on the Nordic market. Deutsche Bank and BNP Paribas served as financial advisors to CVC, while Morgan Stanley and UBS advised TDC on the deal.

Switzerland, Sunrise Communications