Com Hem, the Swedish cable operator owned by BC Partners, is preparing an IPO to raise about USD 1 billion, Bloomberg reported, citing two sources with knowledge of the matter. BC Partners and Com Hem declined to comment on the IPO plans, the news agency said. ComHem will start the sale process as early as next week, the people said. The Stockholm IPO could value the company at about USD 3 billion and will involve the sale of new and existing shares, the sources said. BC Partners acquired Com Hem in 2011 for EUR 1.7 billion (USD 2.3 billion), according to its website. JP Morgan Chase & Co, Morgan Stanley and Nordea Bank are managing the sale, according to two people.
