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)
Location
United Kingdom
Transaction Type
Buyout

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