PE firms circle Deutsche Telekom internet portal

A 30% stake in Scout 24 is being prepared for sale, according to the Financial Times. Private equity firms including KKR and Apax are said to have taken interest.

A spokesman for Deutsche Telekom could not confirm the potential sale but told unquote" that Scout24 has been undergoing a strategic business review since December 2012. 

Other potential bidders include Hellman & Friedman and Axel Springer Digital Classifieds, which both have experience within the digital media companies. 

The possible share sale comes after Scout24's sale of its job-finding subsidiary Job24 to US career network CareerBuilder in 2011.

T-Online International bought Scout24 in 2004 from Beisheim Holding Schweiz. When T-Online merged with Deutsche Telekom, the firm became a subsidiary company of Deutsche Telekom.

Scout24 is Germany's biggest internet market company, owning six subdivisions including Autoscout24, a car-selling portal, and Immobilienscout24, a real estate selling platform.

KKR, Hellman & Friedman, Axel Springer and Apax were unavailable for comment.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• DACH
• Industry
• Apax Partners
• KKR
• Germany