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Advent restored as buyer of BTCThe Bulgarian Supreme Administrative Court has ruled in favour of Advent International in the ongoing sale of the state-owned telecom company.
- Apax, Hicks in Yell IPO boost
Shares in the UK directories business have made a strong debut in today’s £1.14bn listing on the London Stock Exchange, enabling its private equity owner to sell a greater stake than originally planned.
- Warburg Pincus buys Russian radio group
The firm has paid an undisclosed sum to acquire a group of three radio stations in Moscow and St Petersburg, reflecting the firm’s heightened interest in Russia.
- MD leaves CSFB Private Equity in London
Reid Perper, one of two London-based MDs at the bank’s private equity unit, has left the business three years after joining the bank.
- Advent stunned by Bulgarian U-turn
After months of negotiations, the Bulgarian government has walked away from plans to sell a 65 per cent stake in telecommunications group BTC to Advent International.
- More PE interest in European directories
3i and Veronis Suhler Stevenson are planning to make an offer for Herold Business Data, the Austrian yellow pages unit owned by Verizon and Telekom Austria.
- Hamilton Lane rebuilds research team
The US advisory group has hired four new executives following the departure of six of its research team last month to form Franklin Investment.
- TPG strengthens London buyout team
US buyout firm Texas Pacific Group has appointed Philippe Costeletos, a former member of the management committee at Bahrain-based private equity group Investcorp.
- Dummett emerges at Merrill Lynch
The former head of private equity at Abbey National has joined the US investment bank’s London placement agent team.