Italy’s CDP decides to compete with KKR to buy TIM’s grid
The Italian state lender is partnering with an Australian fund to challenge KKR's offer.
This week, Italian state lender CDP said its board had approved a non-binding offer for the fixed-line network of former phone monopoly Telecom Italia (TIM), according to Reuters.
CDP has partnered with ... Read more
Barracuda acquired by private equity firm KKR
The deal will continue Barracuda's move toward cloud based security solutions.
Mail backup and security vendor Barracuda Networks has been sold by its private equity owner to KKR, another private equity firm. According to Blocks and Files, this deal gives "an indication of late-stage startup lif... Read more
‘KKR-led consortium offers $20 billion for Deutsche Telekom division’
According to insider sources, a consortium of investors led by KKR is quickly gaining ground in the race to acquire a stake in Deutsche Telekom AG's sizable wireless tower portfolio.
Deutsche Telekom is trying to sell a stake in its tower business. The sale may rank among the most prominent infr... Read more
Barracuda Networks passes into the hands of venture capitalist KKR
KKR acquires Barracuda Networks. The venture capitalist is taking the reins from Thoma Bravo, Barracuda's previous owner.
The acquisition price wasn't disclosed. Insider sources indicate a sum of 4 billion dollars (3.7 billion euros). KKR wants to further expand Barracuda Networks' activities. C... Read more
TIM drops KKR to court a local Italian offer via CDP
The telco has started moving towards a possible combination with a smaller Italian rival.
This week Reuters reported that Telecom Italia (TIM) has signed a non-disclosure agreement with Italian state lender CDP. The agreement is to start formal talks on potentially combining the phone group's ne... Read more
Telecom Italia open to network spinoff as CEO weighs options
The new boss has a broad mandate to make changes and pursue new areas of business.
Telecom Italia (TIM) this week opened the door to a spin-off of its prized infrastructure assets, according to a report in Reuters. TIM, which is wrestling with shrinking revenues in its hyper-competitive domestic... Read more
Telecom Italia actively pursues 34 billion euro buyout offer from KKR
Telecom Italia is taking the steps required to respond to a $38 billion (€34 billion) buyout offer from US investment company KKR. According to sources from Reuters, Telecom Italia has enlisted the help of banks to draw up business plans to follow up on KKR's interest.
In November of this year... Read more
KKR and CVC Capital want to buy Telecom Italia
But the "indication of interest" faces a series of hurdles on multiple sides.
Private equity giants KKR & Co. and CVC Capital Partners are considering teaming up on a bid for Telecom Italia SpA, according to a report in Bloomberg News. Such a move would help share the financial burden for Eu... Read more
Cloudera might be acquired by private equity firms
Two private equity firms, KKR & Co. and Clayton Dubilier & Rice are teaming up on a deal to acquire Cloudera, a big-data specialist firm. The report about the deal was first broken by The Wall Street Journal, which quoted people close to the matter.
It said that the deal could be finaliz... Read more
Dutch telecom provider KPN turns down two billion-dollar bids
KPN has rejected takeover bids from two different parties. Both a consortium of EQT and Stonepeak Infrastructure Partners and rival company KKR had made billion-dollar bids for the Dutch telecom provider.
The bids were possibly as high as 18 billion euros, according to the Financial Times. KPN t... Read more