Astorg Partners is planning on acquiring a majority stake in CDS Topco from an investor group led by Providence Equity Partners. No financial terms were disclosed, which is expected to be completed in the third quarter of this year. Deutsche Bank and BNP Paribas advised Providence on the transaction while Emendo Capital advised Astorg. As a result of the deal. Providence and Airbridge Investments B.V will retain “significant’ minority stakes in CDS, which operates under the name M7. Headquartered in Luxembourg, M7 is a provider of DTH satellite services.