According to Austrian press reports private equity firms are expected to bid for Austrian Bank BAWAG PSK’s 43% stake in Austria’s only nationwide commercial broadcaster ATV. Following the acquisition of BAWAG in the beginning of 2007 by a consortium led by US private equity firm Cerberus Capital Management, BAWAG dediced to sell its noncore assets, including ATV. Rothschild has been appointed to arrange the sale process. Estimates for the stake vary greatly with figures ranging from EUR 50m to EUR 100m.
Vehicle is expected to hold a final close in March 2020, Unquote understands
Merger of German and Dutch peers will result in a client base of 3,500 companies
Fund's predecessor, BlackFin Financial Services Fund II, closed on €400m in 2016
GP will support the Munich-based software company's growth by broadening its product offering