Various private equity firms are now rumoured to be interested in acquiring Kabel Deutschland (KDG).
Along with the consortium of CVC Capital Partners and Carlyle, who were reported to be interested in the German cable operator earlier this week, BC Partners and Apollo are now also reported to be planning a joint 5bn bid. Apax Partners and Advent International are also said to be interested.
KDG is 88% owned by private equity firm Providence Equity Partners, 8% by Teachers’ Pension Plan and 4% by management. It provides services to nine million homes.
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