Deutsche Telekom AG, in which the Blackstone Group holds a 4.5% stake, has issued a second profit warning in six months. The company is blaming fierce competition in Germany and the weak US dollar for a cut of up to EUR 1.2bn from 2007 forecasts. Europe's biggest telecommunications group by sales now expects adjusted EBITDA of EUR 19bn this year, compared with a previous forecast of between EUR 19.7bn and EUR 20.2bn.
German footwear company is reportedly valued at around €4bn and drew interest from several PE buyers
Funding will help the studios expand their development pipelines and accelerate global growth
Vendors reportedly sought a valuation of between €800m-1bn for the company
P101 deploys capital from its Programma 102 and Italia 500 vehicles for the deal