Four in for Numericable
November 13, 2007
Four buyout firms have been shortlisted in the race to buy British private equity firm Cinven’s 35 percent stake in French cable operator Numericable. The firms selected – PAI Partners, TPG Capital, Carlyle and Providence – must now submit a firm offer within a month, a fifth firm could still be added to the shortlist. The sale could fetch around E1 billion.