The private equity firms behind Danish incumbent TDC could reportedly award a mandate for their planned exit within the next two weeks.
As previously reported by TelecomFinance, the funds have shortlisted Credit Suisse, Deutsche Bank, Goldman Sachs, JP…
The private equity firms behind Danish incumbent TDC could reportedly award a mandate for their planned exit within the next two weeks.
As previously reported by TelecomFinance, the funds have shortlisted Credit Suisse, Deutsche Bank, Goldman Sachs, JP Morgan, Morgan Stanley and UBS to advise them on a deal.
It is understood that a few Nordic banks including SEB Enskilda, Nordea and Danske Bank are also vying for the mandate.
An exit by the funds, which own 88% of TDC, could take the shape of an IPO or a sale.
KKR, Blackstone, Apax, Permira and Providence bought 88% of TDC in 2006 in a E13.4bn leveraged buyout. At the time, JP Morgan, SEB and DB were involved on the buy-side, while GS advised TDC.