Apax to take full ownership of Odido in buyout of co-owner
Apax Partners has agreed to buy Warburg Pincus’s stake in Odido, giving it full ownership of the Dutch telecoms company. The financial terms have not been disclosed, and regulators must still approve the deal.
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Telecoms company Odido is to become wholly owned by Apax Partners after the investment firm agreed to buy out co-owner Warburg Pincus. The companies have not disclosed the price, and the deal still requires regulatory approval. [1]
Odido, which also owns the Ben and Simpel brands, has been jointly owned since Apax and Warburg bought T-Mobile Netherlands from Deutsche Telekom and Tele2 in 2021 for €5.1 billion. The business was renamed Odido in 2023. [1]
The Financial Times recently reported, citing people familiar with the matter, that the deal valued Odido at €6.5 billion. That figure has not been confirmed by the companies, which declined to give financial details. [1]
Earlier this year, rumours of a possible stock-market listing were reported to have been dropped amid concerns about market volatility, according to the Financial Times. Odido was later hit by a cyberattack in which the personal data of millions of customers appeared online. [1]
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