BC Partners and Apollo Strike $5.2 B Exit

Liberty Global (NASDAQ: LBTYA) has agreed to acquire Unitymedia for EUR2 billion ($2.98 billion) from BC Partners and Apollo Investment Management. The deal includes the assumption of EUR1.5 billion of the company's debt, valuing Germany's second biggest cable television operator at EUR3.2 billion ($5.21 billion), about 7.4 times its estimated 2010 adjusted EBITDA. BC Partners reportedly earned an IRR of 40% on their investment in the company.