Private equity-backed TDF seeks more than €4bn for French unit

TPG Capital, Axa Private Equity, Charterhouse Capital Partners and the state-backed vehicle Fonds Strategique d'Investissement are expected to receive first-round bids next month. The backers hope to raise around 11x EBITDA for the unit.

AMP Capital and Macquarie Capital are reported to be among potential bidders.

The GPs acquired TDF in 2006 beating rival bids from syndicates led by Eurazeo and Macquarie, and a partnership between PAI partners and Goldman Sachs, according to unquote" data.

In August 2012, TDF sold its Finnish operation Digita Oy to First State Investments, the overseas investment unit of the Commonwealth Bank of Australia. The sale was thought to value the unit at €400m.

AMP declined to comment. Other parties could not be reached for comment.

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• Topics
• France
• France
• Axa Private Equity
• Charterhouse Capital Partners
• Fonds Stratégique d’investissement