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Zegona Communications
Completed Transactions - Zegona Logo
Sector:
Telecoms
Transaction Type:
Disposal
Date:
May 2017
Deal Value:
€701m

Oakley Advisory Limited (“Oakley”), the independent corporate finance firm offering sector specialist advice across a range of sectors including TMT, Online, Datacentres and Hosting, has advised Zegona Communications PLC (“Zegona” or the “Company”), on the sale of Telecable de Asturias S.A. (“Telecable”), the leading quad play telecommunications operator in Asturias, North West Spain, to Euskaltel, the leading convergent telecommunications group in Northern Spain. The Oakley team, comprising Christian Maher and Victoria Boxall, acted as Financial Advisor on the deal.

The deal values Telecable at up to €701m, including an enterprise value of €686m and a further deferred payment of up to €15m.

Zegona was established by ex-Virgin Media executives, including Eamonn O’Hare, the Company’s Chief Executive, with the objective of acquiring businesses in the European TMT sector with a ‘Buy-Fix-Sell’ strategy.

Christian Maher, Joint Managing Partner of OAL, commented:

“We are delighted to have worked with Zegona on this on this transaction, having been involved through the various stages of the Company’s development to date. We look forward to continuing to work with the Company as it evaluates further opportunities to drive shareholder value as it executes on its acquisition strategy across the European TMT landscape.”

Oakley Advisory

Oakley Advisory Limited (“Oakley”) is one of Europe’s leading independent corporate finance firms offering expert, specialist advice across a range of sectors including Telecoms, Technology, Online, Media, Datacentres and Hosting. We are unique in the mid-market in offering highly specialised sector insight and knowledge combined with our Equity Capital Markets capability, meaning we can provide the fullest possible suite of advice across both public and private markets.

This transaction marks the thirteenth deal we have announced or completed in the last twelve months including advising Gigaclear plc on its £110m fundraise, Ingresso Group on its sale to accesso Technology Group plc, Infinity on the sale of its Stockley Park Data Centre to Zenium, Lyceum on its acquisition of Timico, Just Eat on its acquisition of SkipThe Dishes, Daisy on its acquisition of Alternative Networks, Modrus on its sale to Nasstar, Optimity on an investment by FPE Capital and Southern Communications on an investment by Livingbridge.

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