BC Partners and CVC Capital Partners have jointly bid for Kabel Deutschland, Germany’s biggest cable operator, which could be sold for about €5.5bn ($7.5bn) by its US private equity owner Providence Equity Partners. Rival buy-out groups Carlyle, Advent International and Bain are also thought to have each submitted bids for Kabel Deutschland. Bankers say they could provide €3.5bn to €4bn of debt to fund the takeover, which would generate big profits for Providence and Tony Ball, ex-BSkyB chief who chairs the German group.

This entry was posted by Gwen Robinson on Wednesday, February 10th, 2010 at 5:04 and is featured in The 6am Cut London (10 Feb 2010) . Tagged with advent, bain, BC, carlyle, cvc, Kabel Deutschland. Edit this entry.