Toscafund and Penta Capital Acquire TalkTalk
March 16, 2021
Toscafund Asset Management and sister firm Penta Capital completed a £1.11 billion public-to-private acquisition of TalkTalk, after receiving overwhelming shareholder approval. The buyers said they will work with TalkTalk’s management, led by Sir Charles Dunstone, to strengthen the business and make long-term investments to improve service levels and market position.
- Buyers
- Toscafund Asset Management LLP, Penta Capital
- Targets
- TalkTalk Telecom Group
- Sellers
- TalkTalk public shareholders (including Sir Charles Dunstone, David PJ Ross, Jupiter Asset Management, Capital Research Global Investors)
- Industry
- Telecommunications
- Location
- United Kingdom
- Transaction Type
- Buyout
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