Sellers: Kohlberg Kravis Roberts & Co., Permira
Portfolio Company: ProSieben
Price: More than €1.3 billion euros ($1.7 billion)
ProSieben has attracted three offers worth more than €1.3 billion euros ($1.7 billion) for its Nordic TV channels, sister news service Reuters reported in late October, which may help to reduce the group’s debt. The bidders are private equity firms Nordic Capital and Providence Equity Partners as well as cable network Discovery Communications, Reuters wrote.Binding offers are due to be submitted by the start of December, and with bids at this level, a sale will likely succeed, one of the people familiar with the process said. Providence, Nordic Capital and ProSieben declined to comment. ...