EQT exits Adamo

EQT is offloading Spanish fibre operator Adamo to a fellow private equity outfit some five years after it bought the asset, and reports suggest it has made a few Euros in the process.
EQT Private Equity confirmed that has brokered a deal to sell Adamo Telecom to Ardian Infrastructure, but declined to share financial details. Subject to the usual closing conditions, including regulatory approvals, the deal should close in the first quarter of next year, it said.
The firm waxed lyrical about Adamo