
EQT looking to sell Kabel Baden-Würtemberg
EQT Partners, the private equity arm of Sweden's Wallenberg family, is looking to sell German TV, broadband and phone provider Kabel Baden-Würtemberg (KBW).
A number of private equity groups as well as Liberty Media and Kabel Deutschland are thought to be bidders in the €2.5-3bn auction of KBW. Apax Partners, CVC Capital Partners and Hellman & Friedman are thought to be preparing bids for the phone service provider.
According to reports, EQT is also considering an IPO, should offers be below its asking price. JPMorgan and Deutsche Bank are advising EQT on the sale.
The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.
If you have any information regarding this transaction, please contact Diana Petrowicz on +44 20 7004 7505 or diana.petrowicz@incisivemedia.com
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