Waterland in talks to take UK telecoms provider Gamma Communications private
Gamma Communications has entered early-stage discussions with Waterland Private Equity Investments over a potential takeover of the UK telecoms services provider, adding another private equity bidder to the company's strategic review, according to a report by Reuters.
UK telecoms provider Gamma Communications is in early-stage discussions with Waterland Private Equity Investments to take the company private, according to a report by Reuters. Waterland has until September 18th to decide whether to make a firm offer under UK takeover rules. If the deal goes through, it could involve a carve-out of certain operations from Gamma's business.
Waterland is also in talks with IT services provider Giacom, which is helping with the potential transaction. Gamma's shares rose 7.3% to £10.40 following the news, reaching their highest level since September 2025. The company, which offers communications services to businesses in the UK, has a market capitalization of around £863 million.
Other potential bidders, such as Epiris, Oakley Capital and Providence Equity Partners, are also in discussions with Gamma, but their deadlines for making formal offers have passed. The private equity interest in UK-listed companies is on the rise, with more attractive valuation making businesses more appealing to financial sponsors looking for take-private opportunities.
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