{"id":39861,"date":"2009-11-11T06:44:11","date_gmt":"2009-11-11T11:44:11","guid":{"rendered":"http:\/\/www.pehub.com\/?p=55400"},"modified":"2009-11-11T06:44:11","modified_gmt":"2009-11-11T11:44:11","slug":"pe-firms-lining-up-banks-for-tdc-sale","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/39861","title":{"rendered":"PE Firms Lining Up Banks for TDC Sale"},"content":{"rendered":"

LONDON (Reuters) – The private equity backers of Danish telecoms group TDC (TDC.CO) are meeting banks this month as they look to line up advisers to sell part of their $7.4 billion stake, people familiar with the matter said.<\/p>\n

Buyout firms Blackstone (BX.N), KKR, Permira, Apax and Providence Equity Partners are meeting banks in November but might not pick a syndicate to run a share sale until next year, one of the sources said.<\/p>\n

The buyout firms bought 88 percent of TDC in 2006 in what was then Europe’s largest leveraged buyout (LBO), eclipsed only by KKR’s 11.1 billion pound ($18.6 billion) deal for Alliance Boots the following year. The remaining 12 percent is listed on the Danish stock exchange.<\/p>\n

The private equity firms declined to comment. TDC had no immediate comment.<\/p>\n

Based on TDC’s share price, the company is worth about $8.4 billion.<\/p>\n

($1=.5973 Pound) (Reporting by Simon Meads and Quentin Webb; additional reporting by Peter Levring in Copenhagen)<\/p>\n

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LONDON (Reuters) – The private equity backers of Danish telecoms group TDC (TDC.CO) are meeting banks this month as they look to line up advisers to sell part of their $7.4 billion stake, people familiar with the matter said. Buyout firms Blackstone (BX.N), KKR, Permira, Apax and Providence Equity Partners are meeting banks in November […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-39861","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/39861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=39861"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/39861\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=39861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=39861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=39861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}