Transaction Details

July 1, 2010
London Sloane St

Sector

Digital Media and Media

Deal Type

M&A

Deal Value

N/D

Deal Team

Greger Larson

Stofa acquired by Ratos

Stofa: supplier of cable TV to 350,000 Danish households

Stofa is a Danish triple-play-operator (broadband, cable TV and telephony) which provides some 350,000 households with cable TV and 40% of them with broadband as well. The services are delivered in close cooperation with 300 antenna associations throughout Denmark. In addition, Stofa also sells to final subscribers who are offered interactive TV services (pay TV), broadband and IP telephony.

Stofa was founded in 1959 and the company was acquired by Telia in 1995. Stofa is Denmark’s second-largest supplier of cable TV and the fourth-largest broadband provider. Stofa led the introduction of broadband over the TV network in Denmark and has been quick to offer its customers digital TV, including an advanced box that offers customers a wide range of interactive services. Stofa has 470 employees and 2009 sales totalled DKK 1,024m with an operating profit (EBITA) of DKK 92m. The head office is in Horsens on Jutland, Denmark.

Ratos acquires Stofa from Telia Sonera, who have owned the company for 15 years

Ratos is an investment company that owns and develops unlisted medium-sized Nordic companies. Their goal as an active owner is to contribute to the long-term and sustainable business development in the companies they invest in and to make value-generating transactions.

Ratos’ holding in Stofa will amount to 100%. The purchase price for the acquisition amounts to DKK 1,090m, of which Ratos will provide equity of approximately DKK 528m.

GCA Altium acted as sole advisor to the buyers.

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