According to press reports, TeliaSonera yesterday challenged Blackstone’s bid for Lattelecom, the Latvian telecommunications company. Blackstone offered to acquire the business in September 2007 for $575m, but the new Latvian government (appointed after the buyout was announced), led by Prime Minister Ivars Godmains, rejected the management buyout last month and said it would open up the privatisation process to other bidders.
Sponsor remains on the road for its eighth flagship fund amid turmoil at CEO-level, with fundraising lagging behind peers KKR and EQT
Sponsor has held a EUR 150m first close for its latest fund and will back Central European businesses with flexible capital
Lazard to advise on auction for Dutch cloud-based contact centre and dialogue-management platform
AEA and management have reinvested for a minority stake in the Danish logistics provider