Pinebridge owns about 65% in DCS, which provides its services under the AKTA brand, while the rest of the shareholders are Romanian companies and individuals.
“EY was hired to build and manage the data room, to provide information, keep in touch with potential investors, receive the bids and assist the shareholders in a potential deal,” several sources told ZF.
EY representatives did not comment on the information.
The process is in its early stages and Pinebridge is not pressuring for a quick exit, expecting a EUR200 million to EUR250 million deal for DCS, according to ZF data. The firm relies on the interest of the major local telecoms and on investors in the region.
Dinu Malacopol, chief executive officer and minority shareholder of DCS, did not comment on the information about the EY contract, merely saying that the operator might decide to sell because recent record deals closed for cable companies in Europe built a momentum in the industry.
“We may consider a competitive assessment process and if the result thereof is interesting, we may think of an exit. No process has been started yet that would lead to an exit soon,” Malacopol said.
(English version by Loredana Fratila-Cristescu)