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Apax said to near deal for Odido stake

NEWS

September 26, 2026 at 07:12 UTC

2 min read
Telecom tower over city skyline illustrating private equity deal for Dutch telecom stake

Key Points

  • 01Apax is reported to be close to buying Warburg Pincus’s stake in Odido
  • 02The potential deal would value Dutch telecoms group Odido at about €6.5 billion
  • 03The transaction focuses on a change within the current joint investment structure
  • 04Further details on timing and financing have not been disclosed

Apax moves to buy Warburg Pincus out of Odido

Private equity group Apax is reported to be nearing a deal to buy Warburg Pincus out of their joint investment in Dutch telecoms group Odido. The development centers on Apax acquiring Warburg Pincus’s stake in the existing ownership structure rather than a full sale of the company to an external buyer.

The reports describe the transaction as an internal change in partners within the investment consortium that controls Odido. This would shift the balance of ownership toward Apax, while Odido itself would remain under private equity control.

Implied valuation of €6.5 billion

The potential deal is reported to value Odido at about €6.5 billion. This valuation figure provides a reference point for the market value of the Dutch telecoms operator within the current ownership framework.

The €6.5 billion level is presented as the enterprise valuation implied by the proposed transaction. The reports do not provide a detailed breakdown of how this valuation is derived or how it compares with previous benchmarks.

Limited details on structure and timing

Beyond the stake purchase and headline valuation, the available coverage does not specify the precise mechanics of the deal. Information on financing arrangements, potential use of leverage, or any changes to Odido’s capital structure is not disclosed.

The reports also do not state a definitive timetable for signing or closing a transaction. There are no references to regulatory steps, governance changes at Odido, or any planned strategic shifts for the telecoms group in connection with the stake purchase.

Market attention and reported status

The story originates from Financial Times reporting and has been relayed across multiple financial news outlets. These reports consistently describe Apax as being close to an agreement, but they do not reference any public confirmation from Apax, Warburg Pincus, or Odido.

As a result, the development is currently framed as a reported, but not formally announced, change in Odido’s ownership composition. The focus in the available information remains on the potential transfer of Warburg Pincus’s stake to Apax and the implied €6.5 billion valuation.

Key Takeaways

  • 01Apax is reported to be positioning itself as the primary private equity owner of Odido by seeking Warburg Pincus’s stake.
  • 02The implied €6.5 billion valuation highlights the scale of investor interest in the Dutch telecoms operator.
  • 03Key aspects of the transaction, including structure, financing and timing, remain undisclosed, limiting visibility on the next steps.

References

  1. https://www.globalbankingandfinance.com/apax-nears-deal-buy-warburgs-odido-stake-ft-reports/
  2. https://cryptobriefing.com/feds-hammack-high-inflation-complicates-economic-planning/
  3. https://www.marketscreener.com/news/arming-taiwan-an-important-us-interest-taipei-official-says-after-trump-xi-summit-ce785adcd98df427
  4. https://www.boursorama.com/actualite-economique/actualites/selon-le-financial-times-apax-serait-sur-le-point-de-conclure-un-accord-pour-racheter-la-participation-de-warburg-dans-odido-647518b40bcd846b4bd0509e7893bcc5
Apax said to near deal for Odido stake | Trading Dashboard