Telefonica Cybersecurity & Cloud Tech, SL signed a definitive agreement to acquire Cancom Ltd. from Cancom SE (XTRA:COK) for an enterprise value of approximately €400 million on July 28, 2021. The transaction value corresponds to a transaction multiple of 15.8x (Enterprise Value/EBITDA 2020A). The transaction is expected to be completed within the third quarter of 2021. CANCOM will realize a book gain of around €225 million through the transaction, which will be included in CANCOM Group's net profit for 2021. CANCOM SE will receive cash proceeds of around €390 million and CANCOM intends to reinvest the proceeds predominantly in the acquisition of companies in its core regions Germany, Austria and Switzerland. ParkView Partners GmbH acted as the financial advisor and Heuking Kühn Lüer Wojtek acted as the legal advisor for Cancom SE. Chris Godsmark, Daniel Havercroft, Marc Jones, Marc Horn, Kate Washington and Christopher Magowan. of Oakley Advisory Limited acted as financial advisor to Telefonica Cybersecurity & Cloud Tech, SL.