Telecom
Apax, Warburg Tap Banks for €1 Billion-Plus IPO of Odido
- Barclays, Goldman, Morgan Stanley are leading the share sale
- Odido could join other PE-owned businesses in going public
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Apax Partners and Warburg Pincus have selected banks to arrange an initial public offering of Dutch telecommunication group Odido, which could raise more than €1 billion ($1.1 billion), according to people familiar with the matter.
The private equity firms have picked Barclays Plc, Goldman Sachs Group Inc. and Morgan Stanley to lead the share sale, said the people, who asked not to be identified because the discussions are private. The owners are also giving out junior roles to other banks in the offering, which could take place as soon as the first half of this year, the people said.