CVC leads bids for Kabel BW

CVC has offered €2.95bn for German cable operator Kabel Baden Wuerttemberg.

Kabel BW's owner EQT has been looking to sell the firm for some time, with recent reports suggesting it was looking for an IPO.

The bid from CVC is thought to have beaten rival bidders Hellman & Friedman and Liberty Global.

EQT is expected to decide whether to accept CVC's offer, which is slightly below its €3bn IPO target, later this week.

Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote

Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO

Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017

EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater