INWIT shareholders seek financing for potential take-private deal - Reuters

Major INWIT shareholders are arranging financing for a potential take-private deal, according to Reuters. French private equity firm Ardian and Oak Holdings 1, backed by Global Infrastructure Partners, Vodafone and KKR, are exploring an acquisition offer to buy INWIT’s minority shareholders. Ardian owns roughly 32% of the company, while Oak Holdings holds 39%, totaling a 71% combined stake.

The investors have started talks with banks about financing the proposed transaction. Abu Dhabi investment firm Mubadala might also acquire a stake in INWIT as part of the deal, though discussions are preliminary and no formal offer is certain. INWIT, listed on Milan stock exchange in 2015, has faced uncertainty over its commercial relationships with major customers Telecom Italia and Swisscom’s Fastweb, both of which are terminating contracts to renegotiate terms.

This uncertainty has put pressure on INWIT's valuation and long-term revenue prospects, with the company's market capitalization falling about 27% over the past year.