Linklaters Helps Carlyle Snag Spanish Cable Co. For €440M

Law360, New York (October 18, 2011, 5:52 PM EDT) -- The Carlyle Group LP said Tuesday that it had acquired an 85 percent stake in Spanish cable company Telecable from Spanish lender Liberbank SA in a deal valued at €440 million ($603 million).

Telecable, which is 92 percent owned by Liberbank, is the leading cable operator in the northern Spanish region of Asturias, and gives the private equity firm telecom interests in Spain, Sweden, France, Belgium, Luxembourg and the Netherlands, along with its 20 percent stake in U.S.-based Nielsen Co.

“Telecable has historically delivered strong performance...
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