Apax Partners has agreed to acquire Warburg Pincus's stake in Odido, a Netherlands-based telecom provider. The two firms have been shareholders since 2022, when they acquired the business from Deutsche Telekom and Tele2. Since then, Odido has completed a rebrand and modernized its mobile network. The company now serves around 8 million consumers and businesses with mobile, fixed internet, TV and business connectivity, operating 118 shops across the country. Once the deal completes, Apax funds will continue to back Odido as a long-term owner, supporting ongoing investment in its network, customer experience and digital inclusion work. "Odido is a business we know intimately and have high conviction in its future growth," said Gabriele Cipparrone, partner at Apax. The deal is subject to customary closing conditions, including regulatory approvals and consultation of employee representatives. Financial terms were not disclosed.
Editor's note: This news brief was produced with the assistance of artificial intelligence.
Source: PE Hub · Summarized by HeadlinesBriefing