UNQUOTE

UK - Virgin Media seeks strategic buyer

  • Sarah
  • LinkedIn  
  • Google plus  

It is understood that Virgin Media has appointed UBS to help it search for a strategic buyer. The UK communications giant has recently attracted private equity interest. Carlyle is reported to be undertaking due diligence ahead of a bid which could value the already heavily indebted business at ТЃ11.3bn.

The feelers have been put out for a non-private equity buyer because of volatility in the debt markets which insiders believe could see private equity struggling to raise enough debt to facilitate the deal. Related links: http://www.unquotenews.com/public/showPage.html?page=unquote_portal_story&tempPageName=455718

http://www.unquotenews.com/public/showPage.html?page=unquote_portal_story&tempPageName=341442

  • LinkedIn  
  • Google plus  

More on UK / Ireland

Latest News