Next Private B.V. is a holding company incorporated under Dutch law which owns 95.3% of the multinational group Altice Europe and 12.3% of the 4th largest American cable operator Altice USA. It is the personal holding company of French-Israeli businessman Patrick Drahi.[1][2][3]
| Company type | Naamloze vennootschap |
|---|---|
| Founder | Patrick Drahi |
| Headquarters | 5 rue Eugene Ruppert, Cessange , |
Area served | Worldwide |
| Owner | Patrick Drahi (through Next Alt S.à R.L.) |
| Parent | Next Alt S.à R.L. |
| Subsidiaries | Altice Europe Altice USA |
History
editIn September 2020, Next Private, Patrick Drahi's personal holding company, acquired the interests it did not hold in Altice Europe, for €2.5 billion, in order to delist the latter from its stock market listing.[4][5] In December 2020, Next Private raises its offer for Altice Europe by 30% to €5.35.[6]
At the end of January 2021, Patrick Drahi's takeover bid, via his holding company Next Private, enabled him to acquire 92.02% of Altice Europe's capital, in a deal costing €3.1 billion.[7] The holding company is itself owned by Next Alt S.à R.L., a Luxembourg-based company wholly owned by Patrick Drahi.[8]
Organisation
editThe activities owned by Patrick Drahi are divided into two main entities:
- Altice USA Inc.
- Optimum
- Altice Business
- Altice Mobile
- News 12 Networks
- News 12 Varsity
- Service Electric
- Altice Europe N.V.
- Altice France : SFR, Altice Média, etc.
- Altice International : Altice Portugal, Hot (en Israël), Altice Dominican Republic, Teads et Altice Technical Services Europe (other than France).
- Altice Pay TV: the Altice Content division, the main sports rights (including the UEFA Champions League and the English Premier League), and other premium content rights (including Discovery and NBCUniversal).
References
edit- ^ "Altice b : L'offre de Next Private ne sera pas prolongée". BFM Bourse (in French). 2021-01-14. Retrieved 2023-07-06.
- ^ Capital.fr (2021-01-22). "ALTICE EUROPE vit ses derniers jours de cotation". Capital.fr (in French). Retrieved 2023-07-06.
- ^ "Drahi attend le feu vert pour contrôler entièrement Altice Europe". LEFIGARO (in French). 2021-01-07. Retrieved 2023-07-06.
- ^ Raphaël Balenieri (11 septembre 2020). "Patrick Drahi, prêt à racheter en totalité Altice Europe et à le retirer de la Bourse". Les Echos.
{{cite web}}: Check date values in:|date=(help) - ^ S.A, Web Financial Group. "Altice Europe: rachat du groupe par Next Private BV". La Tribune (in French). Retrieved 2023-07-06.
- ^ "Next Private (Drahi) relève le prix de son offre sur Altice Europe". Investir (in French). 2020-12-16. Retrieved 2023-07-06.
- ^ "Patrick Drahi va contrôler 92% du capital d'Altice Europe après son OPA". LEFIGARO (in French). Retrieved 2021-01-24.
- ^ "Ownership Submission". investors.alticeusa.com. Retrieved 2024-08-10.
