Private-equity companies BC Partners and CVC Capital Partners have jointly submitted an offer for German cable operator Kabel Deutschland (KDG), according to a report in the Financial Times newspaper.
KDGs current owner, Providence Equity Partners, could receive Â5.5bn for the operator if it opts to sell. However, the private-equity group reportedly could prefer to launch a Â1bn initial public offering.
Other private-equity groups including Carlyle Group and Advent International are also reported to be interested in submitting a bid.
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19 October 2020 @ 12:30:00 UTC