Cinven Acquires France's Altice One for Undisclosed Sum

Paris -- Cinven, a U.K.-based private-equity firm, announced that it has
acquired Altice One, a France-based cable operator, for an undisclosed
sum. Altice One offers digital and analogue TV, broadband telephone
and Internet through its divisions Est Videocom in Alsace and Coditel
in Belgium and Luxembourg. Under the terms of the deal, Cinven will
control a 70% stake in Altice, with founding stakeholders SG Capital
Europe, Pechel Industrie and a group of private investors controlling
the remaining 30%. "Our investment in Altice One compliments that of
Numericable, which we completed less than a year ago," said Cinven
partner Pascal Heberling. "Together, (Est Videocom and Coditel)
represent 4.75 million connections and almost 2.5 million revenue
generating units, making this the largest Francophone cable network in
Europe."
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