(Alliance News) - Apax Global Alpha Ltd on Wednesday noted that its limited partner Apax X Fund has partnered with Warburg Pincus LLC to acquire T-Mobile Netherlands Holding BV for EUR5.1 billion in total.
Apax Global Alpha is closed-ended investment company giving investors access to Apax funds.
Bonn-based telecommunications group Deutsche Telekom AG owns 75% of T-Mobile Netherlands, while Tele2 AB owns the rest.
As part of this transaction, Apax Global Alpha is expected to invest around EUR22 million in T-Mobile on a look through basis.
Shares in Apax Global Alpha were 0.5% lower at 216.00 pence on Wednesday in London.
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Apax Global Alpha (APAX)