PE sponsors find Ziggo exit with €880m ABB
Ziggo’s private equity shareholders exited the company in a €880m accelerated bookbuild on Wednesday evening with recent history leading to an unusually big 7.5% discount for a clean-up trade. A now infamous Barclays-managed deal less than a month ago had left institutional investors on the sidelines, opening up demand for the new deal, and leading to strong reverse inquiry for the stock.
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