LONDON (Reuters) – Advent International and BC Partners are among private equity firms weighing a possible bid for German cable operator Kabel Deutschland, people familiar with the matter said on Wednesday.
The company is also considering plans to raise at least 1 billion euros ($1.4 billion) in an initial public offering as early as the second quarter, other people told Reuters last week.
CVC Capital Partners and Carlyle are lining up banks to finance a 5 billion euro bid for Kabel Deutschland, which is 88 percent owned by Providence Equity Partners, the Financial Times reported.
Deutsche Bank, JP Morgan, Morgan Stanley and UBS have been appointed as advisers, the paper said. (Additional reporting by Victoria Bryan; Editing by Carol Bishopric) ($1 = 0.7112 euro)