Banks chosen to lead Com Hem IPO, sources disclose

Reuters reports that UK-based private equity firm BC Partners has selected Morgan Stanley and JP Morgan to lead an initial public offering (IPO) of its Swedish cable network operating unit Com Hem, according to three people familiar with the matter. The stock market listing could value the firm at more than SEK20 billion (USD3.1 billion), although details of the plan are not being made public at this stage. The anonymous sources added that Morgan Stanley and JP Morgan would act as global coordinators of an IPO scheduled for ‘before the summer holidays’, while a third bank, Rothschild, was acting as IPO advisor for BC Partners, although none of the parties involved officially confirmed the information.