Ziggo was the leading cable operator in the Netherlands, providing television services to approximately 3.3 million homes and passing approximately 55% of all Dutch households. The company provided a growing ‘triple play’ product, which combined broadband, telephony, and digital TV services. Cinven formed Ziggo by acquiring and merging Essent Kabelcom, Casema (the second and third largest Dutch cable operators respectively) and Multikabel (the fourth-largest provider).
In March 2012, Ziggo completed a highly successful IPO on the Euronext Amsterdam stock exchange. Cinven realised its investment following the IPO through the sale of several tranches of shares in a strong after-market, with the final sell down completing in April 2013.