Liberty Global is acquiring the remaining 50% stake in VodafoneZiggo from Vodafone Group Plc. This transaction was initiated to consolidate the target's ownership and facilitate its subsequent merger with a Belgian telecommunications subsidiary to form a unified Benelux entity. The process involves a cash payment combined with the issuance of a minority stake in the newly formed group to the seller. The strategy is centered on creating a scaled regional leader capable of generating significant financial and operational synergies. Following the consolidation, the new parent entity plans to spin-off shares to its existing shareholders and seek a public listing on the Amsterdam Stock Exchange in 2027. This move allows the seller to simplify its portfolio while retaining a participation in the future value creation of a larger entity. Additionally, a long-term service agreement was established to ensure operational continuity through brand licensing and support services for the next decade.

This transaction is part of the TMT (Tech, Media, Telecom) industry, which currently tracks an average EBITDA multiple of 13.6x since the beginning of 2026, 4.1% decrease compared to 2025. This data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.