Apax Said to Prepare EU7b Bid for Oi Portugal Assets
2014-11-04 23:02:23.140 GMT
By Jim Silver
Nov. 4 (Bloomberg) -- Apax Partners planning offer for Oi’s
assets in Portugal in partnership with CVC, Bain, person with
direct knowledge of the matter tells Bloomberg’s Cristiane
Lucchesi and Christiana Sciaudone.
* Apax is looking at the co.’s numbers in detail with aim to
match a proposal made by billionaire Patrick Drahi on Nov.
2, the person said
* The funds are betting the Portuguese govt would be in favor
of them, the person said
* The firms are considering raising debt to help finance the
transaction, the person said
* Oi, Brazil’s largest landline carrier, will wait to get more
offers for its Portuguese assets before deciding what to do,
another three people said
* Spokesmen for Apax, CVC, Bain declined to comment
Link to full story: NSN NEJDZW6TTE04<GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Jim Silver in New York at +1-212-617-7342 or
jsilver@bloomberg.net
To contact the editors responsible for this story:
Andrea Snyder at +1-202-624-1831 or
asnyder5@bloomberg.net
Vivek Shankar
2014-11-04 23:02:23.140 GMT
By Jim Silver
Nov. 4 (Bloomberg) -- Apax Partners planning offer for Oi’s
assets in Portugal in partnership with CVC, Bain, person with
direct knowledge of the matter tells Bloomberg’s Cristiane
Lucchesi and Christiana Sciaudone.
* Apax is looking at the co.’s numbers in detail with aim to
match a proposal made by billionaire Patrick Drahi on Nov.
2, the person said
* The funds are betting the Portuguese govt would be in favor
of them, the person said
* The firms are considering raising debt to help finance the
transaction, the person said
* Oi, Brazil’s largest landline carrier, will wait to get more
offers for its Portuguese assets before deciding what to do,
another three people said
* Spokesmen for Apax, CVC, Bain declined to comment
Link to full story: NSN NEJDZW6TTE04<GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Jim Silver in New York at +1-212-617-7342 or
jsilver@bloomberg.net
To contact the editors responsible for this story:
Andrea Snyder at +1-202-624-1831 or
asnyder5@bloomberg.net
Vivek Shankar