Waterland Ends Giacom Alliance in Gamma Bid
Dutch private equity firm Waterland has ended its alliance with Giacom for a potential takeover of British telecom company Gamma Communications. Gamma previously agreed to an offer from Epiris earlier this month. Meanwhile, Waterland stated it is still considering its options.
Insights:
Waterland Private Equity ended its alliance with Giacom regarding a takeover bid for Gamma Communications, leaving the Dutch firm to weigh its options independently.
The development follows Gamma Communications agreeing to a 1,120 pence per share buyout proposal from Epiris earlier in the month. Waterland Private Equity stated it is still considering its interest in the telecom provider, though a firm offer remains uncertain.
