LONDON, April 7 Private equity firm Cinven
has generated an internal rate return (IRR) of 160
percent and capital gains of over 1.5 billion euros ($2 billion)
on Numericable thanks to its IPO and subsequent sale
to Altice, the company said on Monday.
Cinven said that 1.25 billion euros of the capital gains
would be in cash and that it would roll its entire remaining
holding in Numericable into Altice. The firm built up the French
cable company after investing 528 million euros in 2005.
($1 = 0.7303 Euros)
(Reporting by Freya Berry; editing by Clare Hutchison)