How big was the Vodafone/Kabel deal?

Dealogic have released some statistics regarding this morning’s announcement that Vodafone has acquired German cable operator Kabel Deutscheland for €7.7bn, which shed some light on its scale and importance.

  • The deal is the largest telecom targeted deal by a European acquirer since Vimpelcom Ltd's $24.9bn acquisition of Weather Investments SpA in October 2010.
  • It is the second largest telecoms targeted deal by a UK acquirer on record behind Vodafone’s $61.5bn acquisition of US firm Airtouch Communications Inc in June 1999.
  • It’s the largest Germany targeted M&A deal since Schaeffler KG's $35.6bn acquisition of an 87.2 per cent stake in Continental AG (July 2008).
  • Largest UK acquisition since International Power acquired assets from GDF Suez for $23.4bn in August 2010.
  • The deal pushes European telecom targeted M&A to $59.3bn in 2013 year-to-date, up 91 per cent year-on-year and the highest year-to-date total since $62.3bn in 2003
  • UK acquisitions total $57.5bn in 2013 year-to-date, up 26 per cent year-on-year. Germany targeted M&A totals $41.8bn, up 20 per cent year-on-year. Excluding the Kabel Deutschland Holding AG deal, Germany M&A would be at the lowest year-to-date total since $20.2bn in 1998.