Hints and tips:
...Telefónica Deutschland shares fell 2 per cent to €2.94....
...Vodafone is not the only acquisitive European group....
...Li Ka-Shing, Asia’s most renowned dealmaker, has unveiled a complex takeover of German energy metering business Ista from buyout group CVC Capital Partners for €4.5bn, including debt....
...Earlier this year, CK Infrastructure completed its biggest-ever acquisition when it bought Australian energy group Duet at an enterprise value of A$13bn ($10.4bn), alongside a consortium of other companies...
...Telefónica Deutschland reported a 13.5 per cent increase in core profit, in the second quarter....
...With an enterprise value of eight times its ebitda, Telefónica Deutschland offers no better than an average valuation compared to its European peers....
...Airdata, a regional German mobile group, has filed a legal challenge against the decision last year to allow the creation of the larger Telefónica Deutschland....
...Private equity groups Montagu and Astorg are to buy back Sebia four years after selling the French medical testing company to private equity house Cinven, in a move highlighting a scarcity of buyout opportunities...
...The deal is displacement activity for BSkyB compared with the possible merger with Sky Deutschland and Sky Italia, controlled by 21st Century Fox, which analysts reckon could cost up to €10bn....
...Vodafone is progressing with a €7.7bn bid to acquire Kabel Deutschland, a group that Liberty had also registered interest in buying....
...Kabel Deutschland, the cable group being eyed for takeover by Vodafone, saw its valuation get another boost after it announced a jump in its dividend for the year ending in March to €2.50 per share, compared...
...While Vodafone has held no official talks with KDG, people close to the German company said it no longer excluded an approach from the UK group....
...Conergy said the parent company and its main German subsidiaries – Conergy SolarModule, Conergy Deutschland GmbH and Mounting Systems – had filed for insolvency and “the consequences on our international...
...The latest bid for Virgin Media by Mr Malone’s international cable group, Liberty Global, bears many of the hallmarks of his past deals....
...Approval will reduce the number of big cable groups in Germany from four to three, with Tele Columbus boasting 2m basic subscribers, the combined Unitymedia and Kabel BW 7m, and Kabel Deutschland 12m....
...Liberty, which owns Germany’s Unity-Media, clinched the deal with Kabel BW’s owner EQT Partners after rival bidders dropped out, including private equity groups CVC Capital Partners and Hellman & Friedman...
...Mobile telecoms groups such as Telefónica or Vodafone are now seen as potential buyers for cable companies....
...Kabel BW is Germany’s third largest cable operator by subscriber numbers and is owned by EQT, the Swedish private equity group....
...Approval would reduce the number of big cable groups in Germany from four to three, with Tele Columbus boasting about 2m subscribers, Unitymedia-Kabel BW 8m and Kabel Deutschland some 12m....
...Dan Morris, market strategist at the fund management group, says that markets can be influenced by events such as Japan or the Middle East or changes in confidence but ultimately they reflect the profitability...
...John Malone’s Liberty Global, rival cable group Kabel Deutschland and a number of private equity groups have emerged as bidders in the €2.5bn-€3bn ($3.4bn-$4.1bn) auction of Kabel Baden-Württemberg, Germany...
...Now, private equity buyers have submitted high-roller bids for Kabel Deutschland, Germany’s biggest cable operator....
...Also, the Carlyle Group, Advent International and Bain Capital, the US private equity groups, are each thought to have submitted separate bids for Kabel Deutschland, which is owned by Providence Equity Partners...
...Similarly buy-out groups – including CVC, Carlyle and BC Partners – are currently in talks with banks to finance a €5bn bid for Kabel Deutschland, Germany’s biggest cable operator, which is being lined up...
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