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BC and Apollo investors await bumper returns from €3.5bn exit

Private equity sale represents largest European exit of 2009

The private equity owners of German cable company Unitymedia are set to deliver a bumper return to investors after a “transformational” investment was sold to US cable company Liberty Global for a €3.5bn ($5.2bn) enterprise value.

The exit is Europe's largest this year and gives an equity value of €2bn for the shareholders, excluding net debt of €1.5bn.

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