20:20’s parent reportedly loses £85m amid Setanta collapse

20:20’s parent reportedly loses £85m amid Setanta collapse

Doughty Hanson, 20:20 Mobile’s private equity parent company, is reported to have taken a loss of £85m.

The loss comes as one of its most high profile investments, Irish pay TV firm Setanta, collapsed last week.

20:20 is on a much more solid footing now than it was two years ago, since Doughty Hanson and its debt syndicate restructured the ownership, debt and shareholding. Doughty Hanson gave the syndicate a share in the equity in exchange for writing off 60% of its £265m debt.

20:20 is only one of Doughty Hanson’s two UK interests, with other investments in Europe.

Written by Mobile Today
Mobile Today

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